Laraib Energy Limited is the owner and developer of the New Bong Escape Hydroelectric Power Project, the first hydel independent power producer of Pakistan and the State of Azad Jammu and Kashmir. The project has paved the way for development of vast hydropower potential within the country.

Since the beginning of its commercial operations in March 2013 until 30 November 2018, the state-of-the-art facility has contributed 2,604,295 MWh of green energy with a maximum availability of 99.96 per cent.