THIS IS MY FIRST BLOG ABOUT THE BIOGRAPHY OF BALOCHISTAN PEOPLE
Friday, December 24, 2010
BALOCHISTAN BIGGEST POWER PLANT [ HUBCO]
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 electricity 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.
Today, the Hub Power Company which is listed on Karachi, Lahore, Islamabad and Luxembourg Stock Exchanges has the largest market capitalisation of any private company in Pakistan and has over seventeen thousand (17,000) Pakistani and International shareholders.
The Hub Power Company is an equal opportunity employer that seeks to take on the very best talent available in the country. The Company provides employees with frequent opportunities for training and skills development, both within the country and internationally. Team building workshops and other programmes ensure that all employees in Hubco work closely together for achieving the Company's Mission. The Company offers market competitive salary and other benefits and an excellent working environment.
We are First
First private sector infrastructure project.
First limited recourse financing.
First lending into Pakistan by 15 onshore and 43 offshore banks.
First stock market floatation of a single power station under construction (380 million US$)
First multi co-finance private sector infrastructure project - 9 co-financiers
First COFACE, JEXIM, MITI or SACE supported limited recourse financing of an infrastructure project
First mark up based limited recourse infrastructure project financing
First mark up based finance to rank pari passu with interest based finance
First use of the ECO programme to support a private sector project