Laraib Group

What Laraib Group does

Laraib Group is a privately held Pakistani enterprise headquartered in Islamabad that develops and operates run-of-river hydropower projects under the Build-Own-Operate-Transfer (BOOT) concession model, with a declared portfolio of approximately 1,100 MW and over $2.3 billion in cumulative project investment. Its single operating asset is the 84 MW New Bong Escape Hydropower Project on the Jhelum River, which achieved commercial operations in March 2013 and sells electricity to the National Grid under a long-term (25–30 year) Power Purchase Agreement at a tariff of approximately US¢8.55/kWh. The group is recognized as the pioneer in private-sector hydropower development in Pakistan, having developed the bankable template for private Independent Power Producers via New Bong Escape. Beyond hydropower, Laraib operates metals and mining (chrome ore, barite, mica, feldspar, granite) and logistics businesses through subsidiaries, and provides power-sector advisory services covering hydro, wind and solar technologies.

The development pipeline is the core of the Laraib franchise: the flagship 700.7 MW Azad Pattan Hydropower Project (targeting late-2024 financial close and co-located with Hub Power Company as a key co-sponsor), the 300 MW Ashkot and 10 MW Sankya projects in early-stage development, and approximately 2,000 MW under active study. Laraib's go-to-market relies on securing Letters of Support from the Private Power and Infrastructure Board (PPIB), tariff approvals from NEPRA, project financing from multilateral lenders (Asian Development Bank, Islamic Development Bank, IFC, Proparco at NBE), and EPC execution — a multi-year cycle that gates each project. The company also maintains Hampton Group FZE in the UAE to market opportunities to overseas investors.

The company was founded by Aziz M. Khan (late) and Khalid Faizi, who together bring more than 35 years of hydropower and engineering consulting experience, supported by senior technical consultants Peter Rae (international dam specialist) and Farooq Haider Gagroo (power sector strategist). Second-generation directors Muneeb and Omar Faizi have joined the board in 2021. Laraib Group employs approximately 50 people across its operating businesses and remains privately held, with revenue concentration almost entirely on sovereign-backed power offtake.

Name

Laraib Group

Legal name

Laraib Group

Website

https://laraibgroup.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Laraib Group is a privately held Pakistani hydropower developer and IPP sponsor that develops run-of-river hydropower projects under the BOOT concession model, led by the operating 84 MW New Bong Escape project on the Jhelum River, serving the National Grid and government off-takers.

Ownership category

akta.pro rank

Product category

Hydropower Development and Generation

NAICS

Hydroelectric Power Generation (221111), Utilities (22)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Hydropower Plant Development & Permitting (Greenfield/Brownfield) (EUACAEAE)

Keywords

• Hydropower development
• Independent power producer
• BOOT concessions
• Power purchase agreements
• Renewable energy consulting

Headquarters

HQ city

Islamabad

HQ country

Pakistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Power Generation and Sales: Laraib Group generates revenue through long-term Power Purchase Agreements (PPA) with guaranteed capacity payments. The New Bong Escape HPP receives tariff based on PKR 6.84 (US¢ 8.55) per kWh levelized over 25-year term. Hydrological risk is borne by the power purchaser through guaranteed payment for 470 GWh per annum. Additional revenue generated from energy above 470 GWh at 10% of prevailing tariff.
2. Power Advisory and Consultancy Services: Mr. Khalid Faizi provides power consultancy services to leading international and local sponsors for hydropower development. Services include feasibility studies, technical evaluations, project development consulting, and advisory on power sector projects.
3. Metals and Mining Operations: Through Metmin Mining Corporation and Continental Mineral Resources, the company generates revenue from extraction and export of minerals including refractory chrome ore, drilling grade ground barite, mica, feldspar, and granite quarrying.
4. Logistics Services: Through Communicpak and Kohsar Trading, the company provides import handling, storage, distribution, and transportation services for telecommunications equipment, oil & gas platforms, and bulk agricultural commodities.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Laraib Group develops, owns, and operates run-of-river hydropower projects in Pakistan under Build-Own-Operate-Transfer (BOOT) concessions, with a portfolio of approximately 1,100 MW and over US$ 2.3 billion in investment. The Group also delivers power advisory and consultancy services for hydropower, solar, and wind project sponsors, alongside technical engineering consultancy (PES), metals and minerals mining, and logistics services through its subsidiary companies.

Product overview

Laraib Group is a Pakistani hydropower development company offering a portfolio of run-of-river hydroelectric projects (New Bong Escape 84MW, Azad Pattan 700.7MW, Ashkot 300MW, and Sankya 10MW totaling ~1,100 MW) alongside power advisory consultancy services. The Group also operates across metals and mining (via Metmin Mining Corporation and Continental Mineral Resources) and logistics (via Communicpak and Kohsar Trading). Their hydropower projects follow a BOOT (Build-Own-Operate-Transfer) model with concession terms of 25-30 years before transfer to government. The company's strategy involves maintaining minority stakes and active management participation in developed projects.

Differentiator

Problem solved

Functional benefit

Products and services

• New Bong Escape Hydropower Project (HPP) 84 MW run-of-river hydropower project located near Mangla in Azad Jammu & Kashmir; Pakistan's first private hydropower Independent Power Producer (IPP), providing approximately 470 GWh of clean energy annually to the national grid since March 2013. Developed on a BOOT basis with a 25-year PPA at a levelized tariff of PKR 6.84 (US¢ 8.55) per kWh.
• Azad Pattan Hydropower Project (HPP) 700.7 MW hydroelectric power generating complex located on River Jhelum near village Muslimabad in district Sudhnoti, AJ&K; developed under BOOT basis with transfer to Government after a 30-year concession term. Project cost of US$ 1.35 billion with the lowest hydropower tariff in Pakistan at under US$ 2 million per MW.
• Ashkot Hydropower Project (HPP) 300 MW hydropower project located on Neelum River in AJ&K featuring 5 x 60 MW vertical Francis turbines, 20m high reinforced concrete weir, 6,840m headrace tunnel, underground powerhouse complex, and 220kV double circuit transmission line. Designed for 10,000-year flood and 1:1000 design earthquake resistance, with projected annual generation of 1,346.63 GWh and plant factor of 51.85%.
• Sankya Hydropower Project (HPP) 10 MW run-of-river hydropower project forming part of Laraib Group's broader hydropower development portfolio across Pakistan and Azad Jammu & Kashmir.
• Power Advisory Services Consultancy services led by Mr. Khalid Faizi with over two decades of experience advising international and local sponsors on power project development including hydropower, solar, and wind projects. Services cover feasibility studies, technical evaluations, project development consulting, and advisory across the Pakistan power sector.
• Pakistan Engineering Services (PES) Technical consultancy firm established in 1973 providing engineering services from conceptual planning through commissioning including feasibility studies, environmental impact assessments, detailed design, construction supervision, and trial operations for thermal and hydro power engineering, water resources, and infrastructure projects.
• Metmin Mining Corporation (Pvt) Limited Mining company specializing in metallurgical and refractory chrome ore extraction and export, magnesium and magnesite ores, drilling grade ground barite, mica, and feldspar. One of the earliest exporters of refractory chrome ore from Pakistan to Europe.
• Continental Mineral Resources (Pvt) Limited Mining company holding a 30-year lease for high-grade jet-black granite deposit near Oghi, District Mansehra, with quarry development underway.
• Communicpak (Pvt) Limited

Quantifiable outcome

• 470 GWh annual clean energy generation (NBE)
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, supporting and major.

• Pakistan Engineering Services (PES)coreImplementation/ SI/ Consulting PartnerPES provides technical consultancy services for all Laraib Group projects under development. Established in 1973, PES provides services from conceptual planning through commissioning including feasibility studies, environmental impact assessments, detailed design, construction supervision, and trial operations.
• Andritz Hydro (Austria)coreTechnology or IntegrationAndritz Hydro supplied generating equipment for New Bong Escape HPP. The equipment and plant is performing beyond expected technical capability with minimum forced and scheduled outages.
• MWH (USA)coreImplementation/ SI/ Consulting PartnerMWH USA served as Owner's Engineer for New Bong Escape HPP, providing technical oversight during construction and commissioning.
• URS Scott Wilson (UK)coreImplementation/ SI/ Consulting PartnerURS Scott Wilson UK conducted feasibility study for Azad Pattan HPP which was approved by PPIB panel of experts on February 13, 2012 for capacity of 640 MW.
• Peter Rae Associates (Canada)coreImplementation/ SI/ Consulting PartnerPeter Rae Associates Canada conducted technical study for Azad Pattan HPP optimizing capacity to 700.7 MW, approved by PPIB Panel of experts on December 22, 2017.
• Hampton Group FZEsupportingStrategic or Co-development PartnerHampton Group FZE formed in Dubai SAIF Zone to support consultancy and services assignments for renewable energy projects (hydropower, solar, wind) and tap overseas investors interested in viable projects. Deep knowledge and expertise to attract and support foreign investment.
• Sumitomo Corporation (Japan)majorStrategic or Co-development PartnerSumitomo Corporation Japan partnered in BLT Package B project (US$ 102.3 million) for PTCL infrastructure. Also partnered in Karachi Airport Power Project (20MW) and Keti Bandar coal fired power project (600MW).

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Others

• Andritz Hydro: Austrian turbine and generator OEM that supplied the electromechanical equipment for Laraib's New Bong Escape HPP. Comparable as a hydropower technology ecosystem participant, though positioned upstream as a supplier rather than developer.
• Voith Hydro: German turbine manufacturer and major global supplier of hydropower electromechanical equipment. Comparable as a hydropower infrastructure enabler — closely linked to Laraib's turbine/electromechanical specifications across its project portfolio.
• Fauji Foundation / Fauji Energy: Pakistani conglomerate with power generation interests including Fauji Fertilizer Energy and exposure to IPP structures. Comparable as a Pakistani institutional investor in the domestic power sector with diversified business holdings akin to Laraib's multi-subsidiary model.

Emerging players

• PowerChina: Chinese state-owned EPC contractor with extensive hydropower and renewable project development across Belt and Road markets including Pakistan. Comparable as a participant in the same Pakistani hydropower EPC landscape and emerging as a competitor for Laraib's BOOT-style project opportunities.
• Tenaga Generasi Limited (TGL): Pakistani 50MW wind IPP whose Owner's Engineer team included Laraib director Omar Faizi. Comparable as a smaller-scale, private-sector renewable IPP navigating Pakistan's regulatory and PPA framework in a similar operational environment.

Broad incumbents

• Engie (formerly GDF Suez / International Power): Global IPP with material hydropower and renewable portfolio across emerging markets. Comparable as a large-scale, multilateral-financed renewable IPP developer; represents the institutional capital and operational scale that Laraib's growth trajectory could approach.
• WAPDA (Water and Power Development Authority): Pakistan's state-owned entity responsible for the country's entire public-sector hydropower development, including the major Tarbela and Mangla dams. Represents the dominant incumbent against which Laraib pioneered private sector competition; sets regulatory precedent and grid dynamics that affect Laraib's market opportunity.

Regional players

• Sarhad Hydel Development Organization (SHYDO): Provincial public-sector entity developing small and medium hydropower in Khyber Pakhtunkhwa, Pakistan. Comparable in scale and regional focus to Laraib's smaller Sankya HPP and studies pipeline, and operates in the same Pakistani regulatory environment for hydropower concessions.

Direct peers

• Kot Addu Power Company (KAPCO): Pakistani IPP with multi-fuel generation portfolio supplying power to the National Grid under long-term PPA structures analogous to Laraib's hydropower framework. Comparable in business model as a privately operated power producer serving the same government off-takers.
• Hub Power Company (HUBC): Pakistan's largest Independent Power Producer and the 75% equity partner/co-sponsor of Laraib's New Bong Escape HPP since 2008. Directly comparable as a private-sector thermal and hydropower IPP in Pakistan operating under long-term PPAs with government off-takers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/laraib-group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Laraib Group