KARACHI: The Hub Power Company Limited (HUBCO), Pakistan’s largest independent power producer (IPP), is charting a major diversification path by exploring multiple ventures at its 1,100-acre base plant in Hub, including an aluminium smelter, a Single Point Mooring (SPM) facility, and a local electric vehicle (EV) assembly project in partnership with BYD.
According to a report by Topline Securities, HUBCO’s management is evaluating various options to utilize its strategic land and infrastructure. Among them, the company has explored setting up an aluminium smelter—an energy-intensive industry that could help address Pakistan’s surplus power issue while utilizing HUBCO’s existing base plant as a backup. The site’s proximity to both land and sea routes offers logistical advantages for importing alumina.
Pakistan holds around 200 million tons of bauxite reserves, including 74 million tons in Khushab, AJK, KPK, and Ziarat, paving the way for potential downstream integration in the future.
HUBCO is also considering developing an SPM facility along the Hub coast to import petroleum products for Pakistan State Oil (PSO). The plan would leverage existing storage infrastructure and transport fuel via the Asia Petroleum Pipeline—49% owned by PSO—to Zulfiqarabad, connecting further with the White Pipeline network. A joint venture structure is being considered for the project.
On the mobility front, HUBCO revealed that the local assembly of BYD electric vehicles is scheduled to commence in the second half of 2026. The management reported a stronger-than-expected market response to BYD’s Atto 3 model and announced plans to establish Pakistan’s first large-scale EV charging network from Karachi to Peshawar along the motorway corridor.
HUBCO also hinted at potential EV exports to right-hand drive markets in the future, although its immediate focus remains on developing the local assembly plant. The company confirmed that two international financing partners are already on board for the BYD initiative.
