KARACHI: Hub Power Company (HUBCO), the largest power station of Pakistan, is scheduled to announce its financial results for the year 2011 on Thursday.
Income from Narowal is expected to be booked at old tariff which was notified prior to COD of plant by NEPRA which is expected to keep the margins under pressure. It is worth mentioning that HUBCO Narowal's revised reference tariff at COD is yet to be approved by NEPRA. The company is in a better state in the quagmire of circular debt in which all major stakeholders are finding some trouble. Pepco has recently delayed payment to some Independent Power Producers (IPPs) and this could be a concern for the company's liquidity position going ahead.
Following are the market opinions about the financial performance of the company.
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