Hub Power Co. Ltd.
PPSX:HUBC187.00
PKR
-3.64
(-1.91%)
ISIN
PK0065001015
Return %
Stock
S&P 500
1Y
-12.88
14.39
3Y
95.73
81.42
5Y
143.08
68.62
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Muhammad Kamran Kamal
- Full Time Employees
- 664
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Karachi Pakistan
- IPO Date
- Dec 14, 1994
- Website
- hubpower.com
- Similar Companies
- Business
- The Hub Power Company Limited is a Pakistan-based energy conglomerate and independent power producer engaged in electricity generation, coal mining, oil and gas exploration, water desalination, and electric vehicle distribution. Founded in 1991 and headquartered in Karachi, Pakistan, the company develops, owns, operates, and maintains power generation facilities across Sindh, Balochistan, Punjab, and Azad Jammu and Kashmir, supplying electricity primarily to the national grid through the Central Power Purchasing Agency. The company operates through diverse business segments: Power Generation, Mining and Energy, Oil and Gas Exploration, Water Solutions, and Electric Mobility. Its core products and service offerings comprise thermal power generation through the 1,292-megawatt Hub residual fuel oil plant and the 225-megawatt Narowal Energy Limited combined-cycle facility; imported coal-fired power generation through the 1,320-megawatt China Power Hub Generation Company plant; indigenous lignite mine-mouth power generation via the 330-megawatt Thar Energy Limited and 330-megawatt ThalNova Power Thar plants; hydroelectric power generation through the 84-megawatt Laraib Energy Limited run-of-river hydel facility; industrial distributed solar and renewable energy solutions; open-pit lignite coal mining through an equity stake in Sindh Engro Coal Mining Company; upstream oil and natural gas production through Prime International Oil and Gas Company; seawater reverse osmosis desalination and industrial wastewater recycling through Hubco Water; and plant operations, maintenance, and engineering services through Hub Power Services Limited. In recent corporate developments, the company diversified into the clean transportation sector by partnering with BYD Auto Industry Company Limited through its subsidiary Mega Motor Company Private Limited to manufacture, assemble, and retail new energy passenger vehicles alongside establishing a nationwide electric vehicle charging infrastructure. Additionally, the company expanded its upstream oil and gas footprint through Prime International's acquisition of multinational exploration assets, initiated projects to transition imported coal power assets to local Thar lignite blending, and executed an early negotiated settlement with the Government of Pakistan regarding the power purchase agreement for its legacy oil-fired base plant to facilitate national energy sector restructuring.