HUBCO seeks pact for $2.4bln- Bloomberg

Co. at “developing stage” of planning 2 units of 660MW each power plant in southwest Balochistan province, CEO Khalid Mansoor says in interview on sidelines of investment conference in Islamabad.

* Co. trying to achieve finl. agreement by April, CEO says:
Pakistan has issued letter of intent to co. for power
projects and power purchase agreement in process, according
to Private Power Infrastructure Board website
* Co. plans to complete 1st unit in 36 mos., 2nd in about 42
mos.; seeking funds from Chinese finl. Institutions
* Hub Power participating with $20m equity in coal mining
project in Thar, in southern Sindh province; project led by
Engro, Sindh gov
* Co. considering setting up gas-run power projects in
Pakistan as electricity shortfall is as much as 7,000MW
* Power shortfall “is going to grow” because of rising
demand: CEO
* * Hubco, as the co. is known, is nation’s 2nd biggest non-
state power producer