In a letter to the Pakistan Stock Exchange on Friday, Hubco said it has entered into a Memorandum of Understanding with DHA over the revival of DHA Cogen Limited, a desalination plant in Phase VIII.

Hubco will generate 84 megawatts of power to supply to K-Electric and provide three million gallons of potable water per day to the Cantonment Board Clifton.

DHA and Hubco plan to revive the desalination plant and generate five MGD of potable water. They plan to use sea water reverse osmosis technology for the project and Hubco already possesses the first right of refusal.

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