Hub Power Company (Hubco) has cleared a pivotal milestone in its long-running Thar strategy, with two mine-mouth coal plants – Thar Energy Limited (TEL) and ThalNova Power Thar (TNPTL) – reaching their Project Completion Date (PCD). The step, achieved on 31 October 2025, unlocks the ability for both projects to start distributing accumulated cash to shareholders and marks the latest wave of China–Pakistan Economic Corridor (CPEC) capacity additions feeding the national grid.
Hubco disclosed in a material notice that both TEL and TNPTL hit PCD “in accordance with the terms of their project financing documents,” a change in status that formally transitions the projects from construction risk into operations with distributable reserves. The two Thar Block-II units together contribute 660MW (two plants of 330MW each) to Pakistan’s installed base, reinforcing the coal-from-Thar pillar of the country’s energy mix. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
