Hubco - Financial Analysis
-------------------------------------------------
FINANCIAL ANALYSIS OF HUBCO
A brief Financial Analysis of HUBCO, to determine the possibility of extending exposure on the company.
FINANCIAL SNAPSHOT of HUBCO
COMPANY PROFILE
HUBCO is the second largest Independent Power Project (IPP) in the country and its principal activities are to own, operate and maintain furnace oil based power station situated at a site in Tehsil Hub, in the province of Baluchistan, 40-km from Karachi. Company started its commercial operation in 1997.
The HUB Power Plant consists of 4 generating units each rated at 323 MW gross unit with an oil fired single reheat boiler and tandem compound , two cylinder condensing steam turbines directly coupled to a hydrogen cooled generator.
In the recent years HUBCO has invested in increasing the generation capacity by addition of Narowal Plant. The new plant has a capacity of 1,878 GWh and is located in Mouza Poong, 5 km from Luban Pulli Point on Mureedkay – Narrowal Road, District Narowal, Punjab.
INSTALLED CAPACITY & CAPACITY UTILIZATION
Plant Capacity & Production | 2012 | 2011 | Hub Plant | Theoretical Maximum Output | 10,541 Gwh | 10,512 Gwh | Total Output | 7,770Gwh | 8,115 Gwh | Load Factor | 74% | 77% | Narowal Plant | Theoretical Maximum Output | 1,878 Gwh | 359 Gwh | Total Output | 1,321 Gwh | 237 Gwh | Load Factor | 70% | 66% | Practical maximum output for the power plant taking into account all the scheduled outages is 1,734 Gwh. Output produced by the plant is dependent on the load demanded by NTDC and the plant availability. | INDUSTRY OVERVIEW
Pakistan’s electricity infrastructure is being put to the test with power capacity falling short of demand. According to the Private Power and Infrastructure Board of Pakistan (“PPIB”), the current demand is approximately 22,765 MW against a supply of 19,669 MW. Demand/Supply projections made available by PPIB
FINANCIAL ANALYSIS OF HUBCO
A brief Financial Analysis of HUBCO, to determine the possibility of extending exposure on the company.
FINANCIAL SNAPSHOT of HUBCO
COMPANY PROFILE
HUBCO is the second largest Independent Power Project (IPP) in the country and its principal activities are to own, operate and maintain furnace oil based power station situated at a site in Tehsil Hub, in the province of Baluchistan, 40-km from Karachi. Company started its commercial operation in 1997.
The HUB Power Plant consists of 4 generating units each rated at 323 MW gross unit with an oil fired single reheat boiler and tandem compound , two cylinder condensing steam turbines directly coupled to a hydrogen cooled generator.
In the recent years HUBCO has invested in increasing the generation capacity by addition of Narowal Plant. The new plant has a capacity of 1,878 GWh and is located in Mouza Poong, 5 km from Luban Pulli Point on Mureedkay – Narrowal Road, District Narowal, Punjab.
INSTALLED CAPACITY & CAPACITY UTILIZATION
Plant Capacity & Production | 2012 | 2011 | Hub Plant | Theoretical Maximum Output | 10,541 Gwh | 10,512 Gwh | Total Output | 7,770Gwh | 8,115 Gwh | Load Factor | 74% | 77% | Narowal Plant | Theoretical Maximum Output | 1,878 Gwh | 359 Gwh | Total Output | 1,321 Gwh | 237 Gwh | Load Factor | 70% | 66% | Practical maximum output for the power plant taking into account all the scheduled outages is 1,734 Gwh. Output produced by the plant is dependent on the load demanded by NTDC and the plant availability. | INDUSTRY OVERVIEW
Pakistan’s electricity infrastructure is being put to the test with power capacity falling short of demand. According to the Private Power and Infrastructure Board of Pakistan (“PPIB”), the current demand is approximately 22,765 MW against a supply of 19,669 MW. Demand/Supply projections made available by PPIB