Mr. Khalid Faizi led the development of the 84MW New Bong Escape HPP project (NBE HPP), the first ever private hydropower project in Pakistan. Before this initiative all hydropower projects in Pakistan were developed in the public domain. For the first time, the NBE HPP process helped develop a bankable template for private sector hydropower development.

In the long and arduous process new laws were enacted, constitutional changes initiated, and technical parameters set.

The concession documents for private hydropower included power purchase agreement, implementation agreement(s) and water use agreement under B.O.O.T with transfer to Government free of cost after the 25-year term.

In 2008, the Hub Power Company was invited to join as a co-sponsor and acquire 75% equity interest in the project company taking the project to financial close and construction start on December 29, 2009. The construction of the project was completed in 39 months against 42 allowed in the power purchase agreement.

Commissioning tests were successfully completed and commercial operations commenced on March 23, 2013 after due certification by the Independent Engineer URS, USA.

To date over 4 billion kWh have been generated and supplied to the National Grid. The Andritz Hydro generating equipment and plant is performing beyond its expected technical capability and has resulted in minimum forced and scheduled outages.