Tribune.Com, May 03,’16
Hub Power Company (Hubco) has announced that it will set up a 330 MW coal based project in Thar at a cost of $500 million in partnership with other investors, subject to approval of the Private Power and Infrastructure Board (PPIB). The company has applied for LOI from the PPIB for developing the project. It would take one year to achieve financial close of the project after the PPIB gives its stamp of approval to the project. The power project would kick-start commercial operations in around three and a half years after achieving financial close.