turbines directly coupled to a hydrogen cooled generator. Narowal Power Plant (225 MW) located in Narowal, Punjab consists of 11 generating sets, 11 Alborg Heat Recovery Steam Generators and one air cooled condensing Steam Turbine from Dresser Rand. New Bong Escape Power Project (84 MW), located in Mirpur, Azad Jammu& Kashmir, commenced commercial operations on 23 March 2013 and has the distinction of being Pakistan and AJ&K's first hydropower IPP. The Project uses the water discharged from an upstream already existing hydropower plant located at Mangla Dam. China Power Hub Generation Company (CPHGC) Power Plant (1320 MW) is an imported coal-based plant supplying energy to the national grid and located at Hub. The CPHGC plant consists of two generating units each rated at 660 MW Gross, with each unit having GE supercritical boilers, steam turbine and generator sets. Other projects Sindh Engro Company Limited (SECMC) has developed a coal mine at Thar which has the seventh largest reserves of coal in the World. SECMC achieved Commercial Operations for Phase I in July, 2019 and will be embarking to double its coal mining capacity to supply fuel to HUBCO's Thar Energy Limited and ThalNova projects which are under construction. Thar Energy Limited (TEL) Project is a lignite-based 330 MW project. The project achieved commercial operations on 10th October, 2022. ThalNova Power Thar Pvt. Ltd (TNPTL) is also a 330 MW mine-mouth lignite-fired power plant similar to TEL. The commencement of the commercials operations of this project is expected around the start of January 2023. Prime International Oil & Gas Company In March 2021, Eni exited the Pakistani market and sold its assets to Prime International Oil & Gas Company. The deal include the assets acquired, interests in eight development and production leases and four exploration licences. Prime International Oil & Gas Company, a newly established joint venture (JV) between Eni Pakistan local employees and Hub Power Company. Financial Performance For the year ended June 30, 2021, HUBCO has posted consolidated profit after tax (PAT) of Rs 33.7 billion. History On 1 August 1991, The Hub Power Company Limited was incorporated in Pakistan as a public limited company. In 1997, the construction of Hub Power Plant (1292 MW), the first oil-fired IPP in Pakistan, was completed. In 2011, the 225 MW Narowal Thermal Power Project reached completion. In 2013, Laraib Run of the River Hydel Plant was constructed. It was the first