Laraib Energy Limited
We are also proud owners with 75% controlling interest of Pakistan’s first renewable energy IPP – Laraib Energy, which is a run-of-the river hydel based power project.
It is an environment-friendly run of the river hydropower plant in Azad Jammu & Kashmir (AJ&K). The plant is located on Jhelum River 7.5 km downstream of the 1,000 MW Mangla Dam, a major multi-purpose water storage project commissioned in 1967. The Project uses the water being discharged from the upstream existing hydropower plant (1,000 MW Mangla Hydroelectric Power Station) located at Mangla Dam.
The Project is registered as a Clean Development Mechanism (CDM) project by CDM Executive Board under the United Nations Framework Convention on Climate Change, thus achieving the distinction of becoming the first Hydropower Project in Pakistan/AJ&K to have been registered with UNFCCC as a CDM plant.
Vision
Fueling lives through energy.
Vision and Mission
To be a growth-oriented company recognized for international standards in safety and environment in providing reliable and affordable energy; serving the country, its stakeholders and local community as a responsible corporate citizen.
Company Registration Number
0035300
Date of registration
August 09, 1995
National Tax Number
Pakistan: 2138416-9
AJK: 4708406-7
Registered office address
Office No. 12, 2nd Floor, Executive Complex, G-8 Markaz, Islamabad
Head office address
9th Floor, Ocean Tower, G-3, Block 9, Main Clifton Road, Karachi
Branch office addresses
Office No. 12, 2nd Floor, Executive Complex, G-8 Markaz, Islamabad
Valid email address
secretarial@hubpower.com
Board of Directors
Chairman and Chief Executive Officer
Mr. Kamran Kamal is the Chief Executive Officer of The Hub Power Company Limited (HUBCO), Pakistan’s largest listed energy platform, and also serves as the CEO of Laraib Energy Limited. Since assuming the role in 2021, he has led HUBCO’s transition from the country’s largest Independent Power Producer into a diversified energy and infrastructure group with interests spanning power generation, oil and gas, mining, electric mobility and green infrastructure.
Under his leadership, HUBCO has pursued growth across adjacent sectors while advancing initiatives that support Pakistan’s evolving energy and mobility landscape, including new energy vehicles (NEV), green mobility infrastructure, a BYD automotive plant and a nationwide NEV charging network. His leadership reflects a focus on strategic diversification, long-term value creation and sustainable solutions for Pakistan’s energy future.
Mr. Kamran has extensive experience in energy technology, policy, market reform, large-scale infrastructure development and business strategy. Prior to his appointment as CEO of HUBCO, he led Laraib Energy Limited, Pakistan’s first hydel Independent Power Producer, and held senior leadership positions at China Power Hub Generation Company and Engro. His career includes work on major projects across coal mining, power generation, LNG infrastructure, agricultural and energy commodity trading and fuel supply chains.
He holds a Master’s in Public Policy from Harvard University and a Bachelor’s degree in Electrical and Computer Engineering from the Georgia Institute of Technology.
Mr. Kamran also serves on the Boards of K-Electric, Sindh Engro Coal Mining Company Limited, China Power Hub Generation Company (Private) Limited and Prime Global Energies.
Director
Mr. Aly Khan holds a Master of Sciences from Boston College and a Bachelor of Sciences from Northeastern University.
Over the course of the last decade, he has cultivated his professional career working in London, Singapore and New York for various global institutions including Citi Group and Yang Ming Marine Transport Corporation in several management and training capacities.
In Pakistan, Mr. Aly has extended valuable contributions to multiple ventures through key management roles including spearheading the construction and operation of Pakistan’s first commercial L.E.E.D. Certified Building, setting up a state-of-the-art 10,000 ton per day cement plant, and growing one of the country’s largest dairy businesses’ sales to 600,000 liters per day. Additionally, he has been instrumental in partnering with BYD for the widespread adoption of NEVs in Pakistan.
He is the Chairman of Haleeb Foods Limited, CEO of Mega Motor Company (Pvt.) Limited (MMCPL) and a Director of Qasim International Container Terminal. He is a SECP-certified director in corporate governance.
Director
Ms. Aleeya Khan holds a Master’s in Architecture from Columbia University and a Bachelor’s in Urban Design & Architecture from New York University.
Ms. Aleeya spent time at New York-based award-winning-practice, Beyer Blinder Belle, renowned for pioneering a different approach to design, during the wake of the urban renewal movement in the United States. After finishing her formal education, Ms. Aleeya worked at Only - If Architecture specializing in facade and other architectural design techniques for projects in an urban metropolitan landscape.
She returned to Pakistan in 2017 to explore the local real estate market (amidst a boom in development) within her family business as an Executive Director at Imperial Builders & Developers (Pvt.) Ltd. (“IDBL”), the construction and development arm of one of Pakistan’s largest business groups - Mega Conglomerate.
As a female executive, Ms. Aleeya has led multi-disciplinary teams from design to project completion. Her passion for entrepreneurship and desire to disrupt stigmas around women-led practices in her region led to the creation of Aleeya. design studio (A.). Whilst cultivating her personal design philosophy, Ms. Aleeya remains committed to achieving design excellence. Through her exposure and deep understanding of technical design, her firm’s involvement in landmark projects combined with a woman-led team, Ms. Aleeya brings an alternate perspective and distinct identity, with a vision to leave a lasting impact on her region.
Ms. Aleeya also serves as a Director of Pioneer Cement Ltd. and Haleeb Foods Ltd. and is an SECP-certified director in corporate governance.
Director
Mr. Muhammad Saqib is the Chief Financial Officer (CFO) of the Hub Power Company Limited. Mr. Saqib has over 25 years of experience, where he has performed in many key leadership roles in Finance and Strategy. Prior to HUBCO, he was CFO for Engro Vopak Terminal Limited and Engro Elengy Terminal Limited. In one of his previous roles, as CFO for Engro Energy Limited and Sindh Engro Coal Mining Company, he developed various energy projects overseeing feasibility studies and worked closely with diverse stakeholders for finalization of complex joint venture and shareholding agreements with Chinese investors, Government of Sindh, large local groups related to Thar coal mining and power projects. He headed finance function for Thar coal mining and power project and arranged USD 1.5 bn foreign and local currency under CPEC umbrella.
Mr. Saqib is a Chartered Financial Analyst and holds an Master’s degree in Business Administration from Institute of Business Administration (IBA).
Director
Faiza Kapadia Raffay is an accomplished legal and corporate governance professional with over 25 years of experience across leading listed, regulated, and multinational organisations. She currently serves as General Manager Legal and Company Secretary at The Hub Power Company Limited (HUBCO), where she advises the Board and senior management on corporate governance, strategic transactions, regulatory matters, risk management, and ESG. During her career, she has held senior legal and company secretarial positions at Philip Morris Pakistan, Sui Southern Gas Company, United Bank Limited, Pak Brunei Investment Company, Citibank, and Engro Corporation. Ms. Raffay holds an LL.B. (Hons) with distinction and is a member of the Sindh Bar Council. She is also a Certified Director of the Pakistan Institute of Corporate Governance.
Director
Mr. Fayyaz Ahmad Bhatti is a seasoned finance and business leader with over 25 years of diversified experience across Pakistan's power, oil, manufacturing, business assurance, and audit sectors. Throughout his distinguished career, he has demonstrated a proven ability to lead complex organizations, drive strategic initiatives, and deliver sustainable business outcomes through strong financial stewardship and effective stakeholder engagement.
Mr. Bhatti has been associated with the Hubco Group for the past 15 years. He initially joined the Group as Chief Financial Officer & Company Secretary of Laraib Energy Limited, a subsidiary of Hubco and Pakistan's first hydel Independent Power Producer in Azad Jammu & Kashmir. During his tenure, he played a pivotal role in the successful completion and commercial operation of the project, leading its seamless transition from the construction phase to operations while establishing a strong financial foundation that enabled consistent dividend distributions to shareholders since the commencement of commercial operations.
After serving Laraib Energy Limited for nearly a decade, Mr. Bhatti was seconded to Hubco as Vice President – Strategic & Regulatory Affairs. In this role, he provides strategic leadership and guidance in addressing key business and regulatory challenges across the Hubco Group while fostering constructive engagement with external stakeholders to facilitate collaborative and sustainable solutions.
In July 2024, Mr. Bhatti assumed additional responsibilities as Chief Financial Officer (CFO) of Thar Energy Limited and ThalNova Power Thar (Pvt.) Limited, both associated companies of Hubco. As CFO, he plays a pivotal role in shaping the financial strategy of these companies, strengthening financial governance, mitigating risks, and enabling informed decision-making to support their long-term sustainability, operational excellence, and growth.
Prior to joining the Hubco Group, Mr. Bhatti held various executive management positions at Attock Refinery Limited, one of Pakistan's leading petroleum refining companies. During his tenure, he was instrumental in the preparation of financial feasibility studies and securing approvals for refinery expansion and upgradation projects valued at approximately PKR 22 billion.
Mr. Bhatti is a Chartered Accountant who completed his articleship with A. F. Ferguson & Co., Chartered Accountants, Islamabad.
Director
Mr. Abdul Wahab Abbasi is a graduate of the London School of Economics and has more than 20 years of experience in the development of hydropower projects.
A businessman from Azad Jammu & Kashmir (AJK), having established strong professional relationships with Governmental departments, statutory authorities, and local communities and other key stakeholders across AJK, enabling effective coordination and timely resolution of project-related matters.
Mr. Abbasi has played key role in the development of hydropower projects, including the 700.7 MW Azad Pattan Hydropower Project and the 300 MW Ashkot Hydropower Project, where he managed the complete feasibility process encompassing technical assessments, financial assessment, engineering coordination, environmental studies, and regulatory approvals.
Land acquisition, being most critical element of hydropower projects timely development, is also his specialized expertise. He successfully headed the land acquisition function for Azad Pattan Hydropower Project, 720 MW Karot Hydropower Project and 102 MW Gulpur Hydropower Project through negotiations with landowners, coordination with government agencies, and proactive community engagement.
Mr. Abbasi also serves on the Board of several companies including New Bong, Azad Pattan and Ashkot Hydropower Projects.
Apart from his associations with hydropower development, he also owns and oversees a commercial dairy farm and a commercial organic poultry enterprise, supplying niche markets with antibiotic-free chicken, eggs, and related poultry products.
Mr. Abbasi is an active member of the Islamabad Club and the Gun & Country Club reflecting his strong professional and social engagement within the country's business and leadership community.
Director
Mr. Muneeb Faizi is a Chartered Accountant and a member of the Institute of Chartered Accountants in England and Wales (ICAEW), bringing extensive expertise in corporate governance, strategic management, business leadership, and international finance.
He has worked within the Audit & Assurance practice of Deloitte LLP in London, where he was involved in engagements with FTSE 100 and FTSE 250 listed companies across a diverse range of industries. His experience includes working with global commodities and mining companies, major infrastructure funds, and complex multinational organisations, providing him with valuable insight into corporate governance, enterprise risk management, strategic decision-making, and the operational dynamics of large international businesses.
Mr. Muneeb Faizi holds a Bachelor's degree in Economics from the University of London and a Master's degree in Management from Imperial College Business School, London. He has a strong interest in the energy and mining sectors and serves as the Managing Director of a high-growth mining company with a 700-acre mining concession encompassing substantial granite and feldspar resources. Under his leadership, the company is pursuing an ambitious long-term growth strategy focused on developing a world-class mining operation, delivering exceptional product quality, and establishing a strong presence in both domestic and international markets. He provides strategic leadership that reinforces the company's commitment to excellence, strengthens its corporate governance framework, and supports the delivery of sustainable long-term growth and value for its stakeholders.
Shareholding Pattern
