ThalNova Power Thar Limited achieves financial close

By MG News | October 01, 2020 at 09:47 AM GMT+05:00

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October 01, 2020 (MLN): Hub Power Company Limited (HUBCO), in an announcement to the Pakistan Stock Exchange (PSX), said that the government of Pakistan has notified the achievement of Financial closing by ThalNova Power Thar (Private) Limited (TNPTL) on September 30, 2020, an associated company of HUBCO.

ThalNova Power Thar is currently under construction at Thar Coal Block II and is scheduled to achieve commercial operations.

It is pertinent to mention that HUBCO is the only power producer in Pakistan with four projects listed in the CPEC, namely imported coal-based China Power Hub Generation Company (Private) Limited (CPHGC) at Hub, Thar Energy Limited (TEL), and ThalNova Power Thar (Pvt.) Ltd. and Sindh Engro Coal Mining Company (SECMC) at Thar Coal Block II.

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