The Private Power Infrastructure Board (PPIB) has agreed to grant extension in the financial closing date for imported coal-based power plant of China Power Hub Generation Company (CPHGC), which means the company would be setting up two plants of 660MW each, as planned earlier.
“The PPIB has now called for a meeting to discuss the extension in the financial closing and Implementation Agreement (IA) for 660x2MW imported coal based power plant at Hub,” Shamsul Islam at HUBCO said in a bourse filing on yesterday.
Hubco in October this year notified the bourse that CPHGC, having a generation license for two 660MW coal-fired plants in Hub, was likely to reduce the size of its generation facility to only 660MW. China Power Hub Generation Company is a joint venture of the Hub Power Company Limited (Hubco) and China Power International Holding Limited (CPIHL).
