Habibullah Coastal Power Company was commissioned in 1999 and is a combined cycle gas-fired IPP in Quetta with a design capacity of 140 MW.

Ithaca Capital led a consortium to buy out a significant majority HCPC from Kinder Morgan (a US Energy company) and subsequently acquired the remaining stake from legacy shareholders. Ithaca currently retains a portion of the equity and has management control of the company. Ithaca leveraged the operational expertise acquired through HCPC in other power projects that are at various stages of development and construction.