Material Information of The Hub Power Company Limited.

Karachi -- The Hub Power Company Limited informed Pakistan Stock Exchange that the company as a joint venture partner and Pakistani sponsor of China Power Hub Generation Company Limited provided Security in the form of a standby letter of credit of US $ 150 million in favor of CPHGC expiring on November 23, 2022.

The announcement is available at:

https://dps.psx.com.pk/download/document/198284.pdf

The Hub Power Company Limited was incorporated in Pakistan on August 1, 1991 as a public limited company. The principal activities of the Company are to develop, own, operate and maintain power stations. The Company owns an oil-fired power station of 1,200 MW in Baluchistan (Hub plant). Narowal Plant is also an RFO-fired, engine based, combined cycle power station, located at Mouza Poong, Narowal in Punjab.

The Company also holds 75% controlling interest in Laraib Energy Limited, which...