Karachi: The Hub Power Company Limited (HUBCO) has reported a significant operational setback at the China Power Hub Generation Company Limited's (CPHGC) Plant, impacting electricity generation capabilities. According to a disclosure of material information dated October 21, 2026, HUBCO informed that the main transformer of Unit 1 at the CPHGC Plant has encountered a serious electrical fault. This issue has led to the unit being placed under forced outage for investigation and subsequent repairs.

The CPHGC Plant, situated in Hub tehsil, tehsil Gaddani, District Lasbella, Baluchistan Province, Pakistan, consists of two coal-fired power generation units, each with a capacity of approximately 660 megawatts. The plant, which also features an integrated coal jetty, is a critical component of the region's energy infrastructure. It is owned and operated by CPHGC, a collaborative endeavor between Hub Power Holdings Limited, a wholly owned subsidiary of HUBCO, and China Power International (Pakistan) Investment Limited.

According to information available from the Pakistan Stock Exchange (PSX), this disclosure follows the applicable provisions of sections 96 and 131 of the Securities Act, 2015, and Rule 5.6.1.(a) of the PSX Rule Book. The impact of this outage on HUBCO's operations and any potential financial implications are yet to be detailed.

The designated market category for this announcement is the disclosure of material information, reflecting the importance of the situation and its potential effects on stakeholders. Further updates are anticipated as the company progresses with the investigation and repair work on the affected transformer.