HUBCO offers to desalinate seawater<\/a><\/p>\nThe energy project is expected to start its commercial operations in August 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi: The Hub Power Company Limited (HUBCO), the largest independent power producer operating in Pakistan, announced on Thursday that it had raised PKR 7 billion through rights issue (at PKR 50 a share), a news source reported. Read: HUBCO to install water treatment plants HUBCO, which issued a total of 140 million shares during a trading session at the Pakistan Stock Exchange (PSX), said it would utilise the amount for consolidating its energy portfolio. At present, the company has a 26% shareholding in the China Power Hub Generation Company (CPHGC), and plans to acquire additional stakes in order to secure a 47.5% shareholding in the company. CPHGC, which is a joint venture between China Power International Holding Ltd (CPIH) and HUBCO, is funding the development, construction and operation of a 2x660MW imported coal-fired power plant. Read:\u00a0HUBCO offers to desalinate seawater The energy project is expected to start its commercial operations in August 2019.<\/p>\n","protected":false},"author":67,"featured_media":38649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12114],"persona":[],"class_list":{"0":"post-53263","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-hubco-raises-pkr-7-bn-through-rights-issue"},"acf":[],"yoast_head":"\n
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