Awards & Acheivements

Awards and Achievements

Corporate Excellence Award by MAP

HUBCO has been winning the Corporate Excellence Award conferred by Management Association of Pakistan (MAP) since last 4 consecutive years as the Top Company in the Power Generation and Distribution Sector.

The award recognizes and honors the HUBCO’s outstanding performance and enlightened management practices. Every year around 200 public and private companies contest the award and are assessed on their management practices, operations, policies and best practices in the areas of Corporate Governance, Strategic Planning, Human Resource Management, Information Technology and Communication.

During the year, Hubco won the Corporate Excellence Award conferred by Management Association of Pakistan (MAP). The award recognized and honored the Hubco’s outstanding performance and demonstrating progress and enlightened management practices. This year 200 public and private companies contested the award and were assessed on their management practices, operations, policies and best practices in the areas of Corporate Governance, Strategic Planning, Human Resource Management and Information Technology and Communication. Chief Guest Dr. Abdul Bari Khan, Chief Executive Indus Health Network awarded Hubco as the Top Company in the Power Generation and Distribution Sector.

Thar Energy Limited showcased at Asset Asian Award 2019

During the year, our Thar Energy Limited project has been showcased as Power Deal of the Year at Asset Asian Award 2019 where HBL, one of the main financier of the project, received the award for its financing in the Thar Energy Limited project. The Asset awards are Asia’s preeminent recognition for those that have excelled in their respective industries.

Laraib Energy Limited featured at World Hydro Power Congress

The World Hydropower Congress brings together industry, government, finance, civil society, and academia to set priorities for the future of the sector. Our hydro project in Azad Jammu and Kashmir and the first hydro-IPP of Pakistan, Laraib Energy Limited (LEL), was selected as a case-study for the preparation of Guidance Notes by World Bank and presented at the 7th World Hydropower Congress held recently in Paris. The theme for this year’s World Congress was ‘The Power of Water in a Sustainable, Interconnected World’.

The Company’s Head office has received the Green Office Certification by WWF – Pakistan. The WWF Green Office is a practical environmental management system for offices which helps to reduce the ecological footprint and greenhouse gas emissions of offices.

Other Awards & Recognition

First private sector infrastructure project in Pakistan.
First lending in Pakistan by 15 onshore and 43 offshore banks.
First stock market floatation of a single power station under construction (US $ 380 m).
First multi co-finance private sector infrastructure project-9 co-financiers.
First COFACE, JEXIM, MITI and SACE supported limited recourse financing of an infrastructure project.
First mark up based limited recourse infrastructure project financing.
First mark up based finance to rank pari passu with interest based finance.
First use of the ECO programme to support a private sector project.
First private infrastructure project to be financed by the World Bank.
First Political Risk Guarantee under ECO Program.
The Banker Company Awards 2003.
Hub station has achieved ISO ISO 9000, OHSAS 18001 and ISO 14001 certifications.
Karachi Stock Exchange Top Companies Award for the years 2002, 2003, and 2010.
Two CSR awards at the 14th Annual Corporate Social Responsibility Awards 2022 organized by National Forum for Environment and Health(NFEH), under the respective categories of “Education and Scholarship” and “Health Initiatives”.
Best Presented Annual Report Award 2020 in the Power & Energy category by SAFA, one of the highest-ranking accounting bodies in the South Asian Association for Regional Cooperation (SAARC).
Fire Safety Award 2021 by National Forum of Environment & health (NFEH) and Fire Protection Association of Pakistan (FPAP). .
Certificate of Merit for the “Best Corporate & Sustainability Report Award - 2021. The award was jointly announced by the Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP)