Pakistan's 84-MW New Bong hydroelectric project is now in commercial operation, marking a significant milestone for the country's first independent power producer.
Developed by the Hub Power Company (Hubco) with financial backing from the Asian Development Bank (ADB) and other lenders, the New Bong hydel plant will now feed energy into the Pakistani grid as per a 25-year power purchase agreement with the National Transmission and Dispatch Company (NTDC).
"This project will provide cheaper electricity and energy security to the country," Hubco CEO Zafar Iqbal Sobani said.
Sobani said New Bong will replace about 135,000 tons of imported oil, reducing carbon emissions and saving Pakistan approximately US$100 million per year in fuel costs.
The plant is located on the Upper Jhelum River about 8 km downstream of the 1,000-MW Mangla project.
In other Pakistani news, HydroWorld.com reported earlier this month that a U.S.-funded expansion of the 3,840-MW Tarbela is now complete.
The country is also seeking assistance from foreign investors to advance other hydroelectric proposals.