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Laraib Energy starts operations

Pakistan and Azad Jammu and Kashmir’s (AJK) first private independent power producer (IPP) Laraib Energy Ltd. – the 84MW New Bong hydropower project has commenced commercial operations, a statement said on Monday.

Hub Power Company’s (Hubco) subsidiary, Laraib Energy Ltd was successfully commissioned on March 23. The project will contribute 540GWh of green energy annually into the national grid under a 25-year power purchase agreement (PPA) with the National Transmission and Dispatch Company (NTDC), it said.

Speaking on the occasion, Zafar Iqbal Sobani, chief executive officer of Hubco, said: “This project will provide cheaper electricity and energy security to the country. Other benefits of the run-of-the river NBE HPP include replacement of around 135,000 tons of oil import valued in excess of $100 million per annum and reduction in carbon emissions.”

The project was scheduled to be completed in 42 months but was completed two months earlier, as compared to three similar low-head hydropower projects on the River Ohio, US, totalling 191MW started a year before NBE but still have a year to commercial operations.

Hubco takes this opportunity to thank the successive governments of Pakistan, the AJK government, Private Power and Infrastructure Board, Wapda, as well as NTDC, for their support and lending massive experience in hydropower.

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