BYD, a prominent Chinese electric vehicle (EV) manufacturer, has partnered with HUBCO to enter Pakistan’s expanding EV market.
Karachi, June 21, 2024 – Hub Power Company Limited (HUBCO) announced on Friday its foray into the electric vehicle (EV) business in Pakistan. The company communicated this strategic decision to the Pakistan Stock Exchange (PSX), revealing that its subsidiary, Hub Power Holding Company, will spearhead this venture through its associated entity, Mega Motor Company (Private) […]
Karachi, February 17, 2024 – The Hub Power Company Limited (Hubco) has taken a strategic step towards enhancing its presence in the energy sector by entering into a definitive agreement to acquire an additional 9.5 percent stake in the Sindh Engro Coal Mining Company Limited (SECMC).
KARACHI: A joint venture (JV) has been formed for establishing a 330MW power generation from Thar Coal under China Pakistan Economic Corridor (CPEC).
KARACHI: China Power Hub Generation Company (CPHGC) on Wednesday served an encashment notice to Hub Power Company (HUBCO) under standby letter of credit (SBLC), which expires today i.e. November 23, 2022. According to a notice of Pakistan Stock Exchange (PSX), an encashment notice has been served by China Power Hub Generation Company (CPHGC) on November […]
KARACHI: Hub Power Company Limited (HUBCO) (PSX: HUBC on Tuesday declared 25 per cent decline in net profit for the half year ended December 31, 2021. According to consolidated financial results submitted to the Pakistan Stock Exchange (PSX), the profit after tax of the company fell to Rs12.72 billion during July – December 2021 as […]
KARACHI: Hubco, Pakistan’s largest IPP has announced the appointment of Kamran Kamal as its new CEO. Kamran has succeeded Khalid Mansoor who led the company for eight years, a statement said on Wednesday. Kamran has already been a part of Hubco for the past 6 years as the CEO of Laraib Energy Limited, a hydel […]
KARACHI: The Hub Power Holding Limited on Monday announced to acquire all upstream operations of Eni in Pakistan. In an information shared by the Pakistan Stock Exchange (PSX), the it said that the Hub Power Company Limited (HUBCO) together with ENI’s local employees (in a 50:50 joint venture) has executed definitive agreements to acquire all […]
KARACHI: The Hub Power Company Limited (Hubco) on Tuesday said that it has initiated agreement with Central Power Purchasing Agency (Guarantee) Limited (power purchaser) in furtherance of the Memorandum of Understanding dated August 21, 2020. In a communication sent to Pakistan Stock Exchange (PSX), the company said that under the agreement, the payment of overdue […]
KARACHI: The Hubco Power Company Limited (HUBCO) has issued Sukuk worth Rs6 billion for financing the ongoing capital requirement of the company. In a communication sent to Pakistan Stock Exchange (PSX) on Friday, it said that HUBCO through its wholly owned subsidiary, Hub Power Holding Limited, had executed and issued an Islamic Shariah compliant discounted […]