The Thar Energy Limited Power Plant (TEL) is a 330 MW mine-mouth lignite-fired power plant at Thar Coal Block II Sindh and is a part of the China Pakistan Economic Corridor (CPEC). The Project is a joint venture among Hub Power Company Limited (HUBCO), Fauji Fertilizer Company Limited (FFC), and China Machinery Engineering Corporation (CMEC), which is also the EPC contractor. The foreign financing for the Project was arranged from a Chinese syndicate, led by China Development Bank whereas the local financing has been arranged via a syndicate led by Habib Bank Limited.

The project started construction in May 2018 from sponsor’s equity to ensure timely Commercial Operation Date (COD) and begin utilizing the local resource of Thar coal as soon as possible. The Financial close of the Project was achieved in January 2020. The Project has successfully achieved its commercial operations date on 1st of October 2022.