Hubco, Fauji Fertilizer to set up coal-fired power plant

KARACHI: Two Pakistan-based leading companies in the power and fertiliser sectors have joined hands with a Chinese state-owned firm for setting up a 330-megawatt coal-fired power project in Thar, according to notices sent to the Pakistan Stock Exchange (PSX) on Thursday.

“Hub Power Company (Hubco) has signed a shareholders’ agreement on March 15, 2018 with Fauji Fertilizer Company Limited (FFC) and China Machinery Engineering Corporation (CMEC) for equity injection into Thar Energy Limited by Hubco of 60%, FFC 30% and CMEC 10%,” Hubco Company Secretary Shaharyar Nashat said in a notice.

Published in The Express Tribune, 16th March, 2018