The Pakistan Credit Rating Agency Limited
03-Apr-26
Analyst
Anam Waqas Ghayour
anam.waqas@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-25
- Methodology | Rating Modifiers | Apr-25
- Methodology | Independent Power Producer Rating | Jul-25
Related Research
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA
Following management’s decision based on current strategic considerations that entity ratings are no longer required at this stage, PACRA has withdrawn the entity ratings of Hawa Energy (Pvt.) Limited with immediate effect
| Rating Type | Entity | |
|
Current (03-Apr-26 ) |
Previous (04-Apr-25 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | A+ |
| Short Term | - | A1 |
| Outlook | Stable | |
| Rating Watch | - | - |
Following the management's decision to discontinue the entity ratings of Hawa Energy (Pvt.) Limited, PACRA has withdrawn the entity ratings with immediate effect.
.
About
the Entity
Hawa Energy (Pvt.) Limited is a special purpose vehicle incorporated in Pakistan for the development and operation of a wind power project. The company operates under the regulatory framework of the Alternative Energy Development Board (AEDB) and sells electricity to the national grid under a power purchase agreement with the Central Power Purchasing Agency (CPPA-G). The company's long-term financing was arranged through the Overseas Private Investment Corporation (OPIC), now succeeded by the U.S. International Development Finance Corporation (DFC).