HUBCO’s 330 MW coal-fired power project becomes operational

The Sindh government has inaugurated the 330 MW coal-fired power project of Hubco and its partners at Thar Coal Block-II.

Sindh Chief Minister Syed Murad Ali Shah officially inaugurated the coal fired plant at the inauguration ceremony. The ceremony was attended by Energy Minister Imtiaz Shaikh, SECMC, EPTL, TEL, TNPTL, CEMC, HBL – the partners in the project.

While speaking at the occasion the the CM pointed out that after the launching of 330 MW Hubco power plant, Sindh govt has successfully added 990 MW coal-fired power to the National Grid.

Thar Energy Ltd. is a 330 MW Coal Fired Power Project based on Thar Coal and a part of China Pakistan Economic Corridor (CPEC). The Project is a joint venture among Hub Power Company Ltd (Hubco), Fauji Fertilizer Company Ltd (FFC), China Machinery Engineering Corporation (CMEC) and has been completed at a cost of US $520 million. It may be noted that foreign financing for the project was arranged from Chinese syndicate, led by China Development Bank whereas local financing has been arranged via syndicate led by Habib Bank Ltd.

The project is now in commissioning phase after the chief minister formally switched it on to synchronize it with national grid on August 3, whereas COD is expected by August 20 to 28. At the inauguration, 40 MW was sent to the national grid and by the end of August, a total of 330 MW power will be added in the national system.