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
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