Investor Presentaiton
ANNUAL REPORT
P
Private Power and Infrastructure Board
ANNUAL REPORT
Imported Coal based Power Project at Hub
Balochistan by M/s Hub Power Company Limited
Private Power and Infrastructure Board
300 MW Imported Coal based Power Project at
Gwadar Balochistan by M/s China
Communication Construction Group
This 1320 MW imported coal based power project at Hub Balochistan is amongst the list of 'Priority
Projects' under China-Pakistan Economic Corridor. HUBCO the main sponsors along with China Power
International have planned this project near existing site of 1292 MW HUBCO oil fired power plant. This
plant is included in the fleet of 4 x imported coal based power plants committed under the CPEC
framework.
Salient features of project are as follows:
> Project Company: China Power Hub Generation Company (Private) Limited
Hub Power Company Limited, China Power International
Holding
Hub, Baluchistan
>
Sponsors:
>
Location:
>
Capacity:
1,320 MW
>
Project Cost:
US$ 1,912.2 million
300 MW imported coal based power project is a part of CPEC's initiative for development and uplifting
of coastal areas of Balochistan especially Makran and Gwadar district. This is an important project due
to its strategic location and for future development of Gwadar Port and special economic zone. The
project is being developed by the sponsor, China Communication Construction Group (CCCG) through
its wholly owned subsidiary CCCC Industrial Investment Holding Company Limited (CIHC), which is
also the developer of Gwadar Port.
Salient features of project are as follows:
> Project Company: CIHC Pak Power Company Limited
Key milestones achieved
Issuance of LOI:
29.06.2015
Key milestones achieved
Issuance of LOS:
12.04.2016
Signing of PPA:
25.01.2017
>
Sponsors:
Signing of IA:
25.01.2017
>
Location:
China Communications Construction Group Ltd
Gwadar, Baluchistan
Issuance of LOI:
26.05.2017
Issuance of LOS:
23.08.2019
Ground breaking Date: 04.11.2019
FC Date:
07.12.2017
>
Capacity:
300 MW
Commissioning Date: 17.08.2019
A A A
>
Fuel:
Imported Coal
>
Project Cost:
>
Applicable Policy
US$ 400 million
2015
Current Status:
The 1320 MW imported Coal Power Project has achieved its Commercial Operations Date on 17th
August 2019, and it is presently 8th in NTDC's merit order list. For import of coal, the project company
has constructed a dedicated, self-use jetty. This facility includes coal-unloading Jetty, approach bridge,
and associated auxiliary facilities and this facility may also be used for other purposes in the future.
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Current Status:
After approvals from competent forums including Joint Cooperation Committee (JCC) of CPEC, the
Economic Coordination Committee and PPIB Board, LOS was issued on 23rd August 2019. The ground
breaking of the project was held in November 2019. While formal on site activities and mobilization of
EPC contractor have been initiated. Project is targeted to be completed by last quarter of 2022,
however, it is behind the schedule due to factors including land allocation, Interconnection/ Power
evacuation facilities from Gwadar by NTDC/ QESCO, concerns over NEPRA's tariff determination,
execution of project agreements, etc. COVID-19 has also affected its progress. PPIB is coordinating will
all concerned stakeholders and with the project sponsors for settlement of all pending issues as soon
as possible.
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