JCM Power was awarded the project through a competitive bidding process conducted by K-Electric, under the regulatory framework of Pakistan's National Electric Power Regulatory Authority (NEPRA). JCM Power is the lead sponsor of the consortium, alongside Burj Energy International Management Limited and Gharo Solar. The award set a new benchmark for the country:
- Pakistan's first utility-scale wind-solar hybrid facility, and one of the largest renewable energy developments in the country
- The lowest renewable energy tariff in Pakistan's history, at $0.031/kWh
- The first competitively bid renewable energy project in Pakistan
Currently under development, the 240MW Dhabeji Hybrid Project is located within a 50-kilometer radius of the Dhabeji grid station in Sindh. The project is targeting Financial Close by the end of 2026. Once operational, it is expected to generate approximately $610 million in savings over its 25-year life by displacing more expensive thermal generation. This will help ease pressure on Pakistan's foreign exchange reserves and reduce the country's reliance on imported fuel.
