Power projects in Pakistan are generally funded through a mixture of equity and financing. The financing is normally non- recourse which is typical for large infrastructure projects. Non-recourse financing requires a credible and adequate income stream from the project. HAWA Project was chosen to opt for the Up- Front Tariff also known as the Feed in Tariff (FIT). The Up-Front Tariff is less complex than the tariff formulas that were used in past power projects in Pakistan and was very successful among the prospective lenders.