HubPower.com
Title
First and Largest IPP of Pakistan - HUBCO
Description
The Hub power station is the first and largest power station to be financed by the private sector in Southern Asia and one of the largest private power projects in the newly industrialised world.
Financial closure took place in January 1995, two years after the sponsors of the project had decided to raise mobilisation finance and to begin construction to meet the policy guidelines of the Government of Pakistan for additional electrictiy to be provided by private investment.
The Hub power station was the first project to be successfully co-financed by several governments, the World Bank as well as international private sector lenders and investors. It sets the standards for the formulation of a private power framework in Pakistan which has elicited numerous responses from international investors. Several medium sized projects have since completed their financing, construction and now are in operation.
Contact
- DotCorner.com
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- Karachi SINDH
- PK 75350
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- +1.3008207971
