Hubco management agreed to the Power Division’s proposal.

The Hub Power Plant Management has acknowledged the government’s approach to buy it out for Rs. 65 billion, in return for giving 600MW of cheap electricity to K-Electric, in light of Thar coal, by 2024.

This improvement will authorize the government to skip Rs. 260 billion in liability installments under the Power Purchase Agreement, initially due till 2027.

At first, Special Assistant to PM on Power, Tabish Gauhar countered with an approach, recommending Hubco to change half of its RFO-based units into the ones dependent on Thar coal as fuel and produce 600MW of electricity to encourage K-Electric. He further instructed Hubco management to add a desalination plant (remove salt from seawater) at Hub to give 300MG of clean water to Karachi.

Presently, SPAM has stated that the administration has agreed to the refreshed terms of the approach, details of which will be concluded in 3 to 6 months. From that point forward, the pressure on so-called accounts will be significantly decreased in a year. In the event that everything goes as per the plan, Hubco will have the option to furnish K-E with 600MW Thar-based coal power, and 300 million gallons of desalinated water every day, by 2024.

Talking about possible transportation guides, the SAPM kept up that the transportation of steady Thar Coal to Hubco adding Jamshoro, Lucky Power, and so on will be led through Thar Rail Link, which will likewise play a significant part in bringing back Pakistan Railways.

He further commented that the general expense per ton of Thar coal will be decreased to encourage the nation’s power sector, with reductions on cost and circular debt.

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