Karachi February 17 2023: ThalNova Power Thar (Private) Limited (TN) achieved Commercial Operation Date (COD) according to company parent company filing at Pakistan Stock Exchange.
TN is a joint venture between (i) Hub Power Holdings Limited, a wholly owned subsidiary of The Hub Power Company Limited (HUBCO); (ii) Thai Power (Private) Limited; (iii) Nova Powergen Limited; (iv) CMEC ThalNova Power Investments Limited; and (v) Descon Engineering Limited, formed for the purposes of establishing a 330 MW Mine-Mouth Coal-Fired Power Generation Complex at Thar Block II, District Tharparkar, Sindh, Pakistan (the “Project”) under the China Pakistan Economic Corridor (CPEC).
The Project has successfully achieved commissioning, with the Commercial Operations Date (COD) to take effect from February 17,2023, in terms of the Power Purchase Agreement dated July 21, 2017 (the “PPA”) entered into between TN and the Central Power Purchasing Agency (Guarantee) Limited.
With this achievement, the collective power generation capacity of HUB CO and its group companies has increased to 3581 MW through the plants spread over Balochistan, Punjab, Azad Jarnmu and Kashmir and Sindh.
The Project will be generating low cost energy from indigenous Thar Coal thus reducing burden on national foreign exchange resource. Completion of the Project would have not been possible without the support extended by the Government of Pakistan, Government ofSindh, the Government of China and all other private stakeholders.
