Pakistan’s HUBCO charts diversification path with smelter, SPM, and EV

Hub Power Company Limited (HUBCO), Pakistan’s largest independent power producer (IPP), is exploring multiple options for its 1,100-acre base plant at Hub, including the establishment of an aluminium smelter and a Single Point Mooring (SPM) facility. Topline Securities, which attended the management meeting of HUBCO, shared the development in its report on Tuesday. During the meeting, HUBCO said that different options have been explored for its base plant at Hub. “An option to set up an aluminium smelter was explored, which is an energy-intensive business and could help address Pakistan’s surplus energy issue, while also allowing HUBC to use its existing base plant as a backup,” said the brokerage house.