HUBCO 330MW ThalNova Power achieves financial close

The Government of Pakistan has notified the achievement of Financial Closing by ThalNova Power Thar Private Limited (TNPTL). TNPTL has been incorporated to set up a 330MW mine-mouth lignite-fired power plant, for power generation and is joined by a consortium comprising of Thal Limited, Novatex Limited, China Machinery Engineering Corporation and Descon Engineering Limited.

Mr. Khalid Mansoor, CEO HUBCO said “The Project would be amongst the first few of power plants utilizing Thar Coal and would bring about substantial savings in foreign exchange of the Country.”

With the aim of Fueling lives through Energy, The Hub Power Company Limited has an installed capacity of producing over 2920MW through its four plants in Hub, Narowal and Azad Kashmir. The Company is the only power producer in Pakistan with four projects listed in the CPEC, namely imported coal-based China Power Hub Generation Company (Private) Limited (CPHGC) at Hub, Thar Energy Limited (TEL) and Thalnova Power Thar (Pvt.) Ltd. and Sindh Engro Coal Mining Company (SECMC) at Thar Coal Block II.