Karachi September 30 2022: Thar Energy Limited has successfully achieved commissioning, with the Commercial Operations Date (COD) to take effect from October 1, 2022, according to filing by Hub Power Company Limited to the exchange.
TEL is a joint venture between The Hub Power Company Limited (HUBCO), Fauji Fertilizer Company Limited (FFC) and China Machinery Engineering Corporation (CMEC), 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).
According to the notification, “The Project has successfully achieved commissioning, with the Commercial Operations Date (COD) to take effect from October 1, 2022, in terms of the Power Purchase Agreement dated July 27, 2017 (the "PPA") entered into between TEL and the Central Power Purchasing Agency (Guarantee) Limited.”
With this achievement, the collective power generation capacity of the HUBCO and its group companies has increased to 3251 MW through the plants spread over Balochistan, Punjab, Azad Jammu 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 of Sindh, the Government of China and all other private stakeholders.