Hubco to provide 600MW power, 300MGD potable water by 2024
National
December 10, 2020
ISLAMABAD: The Hub Power Plant Management has accepted the proposal of the Power Division under which the government will buy it out for Rs65 billion but will not pay Rs260 billion as capacity payment due till 2027 under the remaining period of Power Purchase Agreement. In return, Hubco will provide 600MW of cheaper electricity to K-Electric by 2024 based on Thar coal and will also provide 300 MGD water daily to Karachi, Special Assistant to PM on Power Tabish Gauhar confirmed to The News.
The SAPM told The News that under the latest scenario, the Hubco management has in principle agreed to the proposal that he pitched when its management offered the federal government to buy it out at Rs65 billion arguing that the power plant of 1,200 MW operates only on one percent of its capacity in the whole year.
HUBCO Accepts Govt s Proposal In Exchange for Cheap Electricity to K-Electric propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.