Nearing the end of the 1980s, when the country’s annual energy demand was growing at a rate of 12%, the supply of energy was a mere 7%. The impediment caused by the lack of energy demanded by the industrial and agricultural sectors’ growing needs, led to the nation’s GDP suffering a loss of around $1 Billion. To help foster the growth of the economy, the Government of Pakistan invited private sector companies to help increase the combined power capacity of the country. In 1991, The Hub Power Company Limited (HUBCO) was established as the first Independent Power Producer in Pakistan and continues to remain the largest energy producer of its kind in the nation, with a combined installed power generation capacity of 3,581 MW.