Master Wind Energy
Master Wind Energy is a Pakistan-based private wind power producer, subsidiary of Master Group of Industries, operating two utility-scale wind farms (MWEL 52.8 MW and MGEL 50 MW, totaling 102.8 MW) in Sindh and selling 100% of generated electricity to the government-backed CPPA-G under sovereign-guaranteed 20–25 year Feed-in Tariff concessions.
- Company typePrivate
- Founded2015
- HeadquartersLahore, Pakistan
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Master Wind Energy does
Master Wind Energy Limited is a Pakistan-based private wind power producer and subsidiary of the diversified Master Group of Industries (incorporated 1963). The company operates two utility-scale wind farms under concession: Master Wind Energy Limited (MWEL), a 52.8 MW facility in the Jhimpir Wind Corridor, Sindh, equipped with 33 GE 1.6 MW XLE turbines featuring the Wind BOOST Control System (COD October 2016); and Master Green Energy Limited (MGEL), a 50 MW facility in the Jamshoro region, Sindh, equipped with 25 Siemens Gamesa G114 2.0 MW turbines (COD August 2021). Combined installed capacity is 102.8 MW across 58 turbines on 1,708 acres of land allocated by AEDB and the Department of Energy Government of Sindh.
The company's sole off-taker is the Central Power Purchasing Agency (Guarantee) Ltd. (CPPA-G), a Government of Pakistan entity that purchases all generated electricity under long-term Energy Purchase Agreements at a regulated Feed-in Tariff set under NEPRA's Upfront Tariff Regime (levelized at 14.74 Rs/kWh, or US cents 15.1088/kWh at a 10% discount rate). Revenue is therefore entirely contracted, sovereign-guaranteed and recurring over the 20-year MWEL and 25-year MGEL concession periods. The projects were financed by consortiums including the US International Development Finance Corporation (DFC), the Islamic Corporation for the Development of the Private Sector (ICD), Bank Alfalah, and Pakistan Kuwait Investment, with HydroChina and PowerChina acting as EPC contractors.
The business model is a regulated, concession-based utility rather than a competitive generator: there is no merchant exposure, no customer diversification, and no pricing discretion. Service revenue depends entirely on dispatch, grid availability (NTDC), and adherence to tariff indexation rules. The company holds ISO 14001 (Environmental) and ISO 45001 (OHS) certifications, and management is led by Shahzad Malik (CEO) and Rumman Dar (COO), with the Malik family serving as principal stakeholders alongside the Master Group of Industries.
Master Wind Energy firmographics
Firmographics- Name
- Master Wind Energy
- Legal name
- Master Wind Energy Limited
- Website
- https://masterwind.com.pk
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Master Wind Energy is a Pakistan-based private wind power producer, subsidiary of Master Group of Industries, operating two utility-scale wind farms (MWEL 52.8 MW and MGEL 50 MW, totaling 102.8 MW) in Sindh and selling 100% of generated electricity to the government-backed CPPA-G under sovereign-guaranteed 20–25 year Feed-in Tariff concessions.
- Ownership category
- akta.pro rank
Master Wind Energy industry classification
Industry- Product category
- Wind Power Generation
- NAICS
- Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)
- akta.pro secondary industries
- Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH), Onshore Wind Power Generation (Utility-Scale) (EUACAFAA), Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ)
Keywords
Where Master Wind Energy is headquartered
LocationHeadquarters
- HQ city
- Lahore
- HQ country
- Pakistan
- HQ region
- Asia
Offices4 records
Markets served
Master Wind Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D
Revenue model
- Electricity Generation and Sale: Master Wind Energy generates electricity through wind turbines and sells it to the national grid. Revenue is derived from Feed-in Tariffs (Upfront Tariff Regime) negotiated with the Government of Pakistan through NEPRA. The tariff is applied throughout the 20-25 year concession period from commercial operations, with permitted indexations and escalations. For MWEL, electricity is supplied to the grid at a levelized rate of 14.74 Rs/kWh (US cents 15.1088/kWh at 10% discount rate), backed by sovereign guarantees.
- Government-Backed Tariff Revenue: Revenue is secured under the Upfront Tariff Regime announced by the Government in 2013. The Feed-in Tariff is backed by sovereign guarantees under the Concession Agreements (Energy Purchase Agreement and Implementation Agreement). This provides stable, long-term revenue visibility over the 20-year concession period.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Levelized Tariff for MWEL - 14.74 Rs/kWh (US cents 15.1088/kWh) |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Master Wind Energy product offering
Product offeringCore offering
Master Wind Energy is a wind power generation company that develops, owns, and operates utility-scale wind farms in Sindh, Pakistan. It operates two projects — MWEL (52.8 MW, Jhimpir) and MGEL (50 MW, Jamshoro) — totaling 102.8 MW of installed capacity using GE and Siemens Gamesa turbines. All generated electricity is sold to the Central Power Purchasing Agency (Guarantee) Ltd. (CPPA-G) under NEPRA-regulated Feed-in Tariffs with sovereign-backed concessions of 20-25 years.
Product overview
Master Wind Energy operates as a wind power generation company under Master Group of Industries. The company manages two distinct wind farm projects: Master Wind Energy Limited (MWEL), a 52.8 MW facility in Jhimpir with GE turbines that commenced operations in October 2016; and Master Green Energy Limited (MGEL), a 50 MW facility in Jamshoro with Siemens Gamesa turbines that began commercial operations in August 2021. Both projects sell electricity to the national grid under power purchase agreements with CPPA-G.
Differentiator
Problem solved
Functional benefit
Products and services
- Master Wind Energy Limited (MWEL) — 52.8 MW Wind Power Project A 52.8 MW utility-scale wind power project located in Jhimpir, Sindh, using 33 GE 1.6 MW XLE turbines. Achieved Commercial Operations Date on 14 October 2016, projected to add 150,999 MWh to the national grid annually. Electricity is sold to CPPA-G under a 20-year sovereign-guaranteed Energy Purchase Agreement at a levelized tariff of 14.74 Rs/kWh (US cents 15.1088/kWh at 10% discount rate).
- Master Green Energy Limited (MGEL) — 50 MW Wind Power Project A 50 MW utility-scale wind farm in the Jamshoro region developed by Master Group, using 25 x 2.0 MW Siemens Gamesa G114 turbines on 300 acres of land. Achieved Commercial Operations Date in August 2021. Electricity is sold to CPPA-G under a sovereign-guaranteed concession agreement.
Quantifiable outcome
- Annual Energy Production: 150,999 MWh added to national grid
- +3 more outcomes
Companies that use Master Wind Energy
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Master Wind Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Master Wind Energy partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Central Power Purchasing Agency (Guarantee) Ltd. (CPPA-G)coreCPPA-G is the sole power purchaser for both MWEL and MGEL wind farms. Under long-term Energy Purchase Agreements, CPPA-G purchases all electricity generated by the wind farms at government-regulated Feed-in Tariff rates. This is the fundamental revenue relationship for the business.
- General Electric (GE)coreGE is the turbine supplier for MWEL, providing 33 x 1.6 MW XLE turbines. GE ranks among the world's leading wind turbine suppliers with extensive product portfolio and support services. GE Vernova International LLC (formerly General Electric International Inc.) provides ongoing O&M services for MWEL post the initial two-year period.
- Siemens GamesacoreSiemens Gamesa is the turbine supplier for MGEL, providing 25 x 2.0 MW G114 wind turbines. With 35 years' experience in the wind industry and installed base capacity exceeding 89 GW, GAMESA is a global technological leader in wind energy with presence in 90 countries. Siemens Gamesa also provides ongoing O&M services for MGEL.
- HydroChina International Engineering LimitedcoreHydroChina serves as the EPC (Engineering, Procurement, Construction) contractor for MGEL wind farm. The project is being constructed through a local concern of the renowned global contractor HydroChina. HydroChina performed O&M services during the first two years following Commercial Operations Date.
- PowerChinacorePowerChina is one of China's largest engineering firms with extensive expertise in wind power. They served as the EPC contractor for MWEL wind farm, handling the construction of the 52.8 MW project.
- Zhejiang Huadong Engineering Science & Technology Development Co. LimitedminorProvided operations and maintenance services for MWEL during the first two years following Commercial Operations Date in October 2016.
- Albario EngineeringcoreAlbario Engineering, together with Siemens Gamesa, undertakes the operations and maintenance of MGEL wind farm post the initial two-year term completed by HydroChina.
- A.F. Fergusons and Co. (Auditors)minorA.F. Fergusons and Co. serves as the auditor for MWEL, providing independent financial auditing services.
- Yousuf Adil Chartered Accountants (Auditors)minorYousuf Adil Chartered Accountants serves as the auditor for MGEL, providing independent financial auditing services.
- Hangzhou Huachen Electric Power Control Co. LimitedcoreHangzhou Huachen Electric Power Control Co. Limited is part of the EPC contractor consortium for MGEL, alongside HydroChina International Engineering Limited.
Scale indicators8 records
Recent moves6 records
Expansion highlights3 records
Master Wind Energy competitors and assessment
Company assessmentBroad incumbents
- GE Vernova: Global wind turbine OEM and O&M provider, supplying the GE 1.6 MW XLE turbines and ongoing services to MWEL. Comparable as a broad incumbent in wind generation technology, though not a Pakistan-specific operator.
- Engie (Engie Energy Pakistan / Global Wind): Global utility with renewable generation including wind portfolio exposure in Pakistan via consortium investments; broader incumbent in onshore wind generation with overlapping capabilities to Master Wind.
- Siemens Gamesa: Global wind OEM with 89 GW+ installed base, supplying the G114 2.0 MW turbines and O&M services to MGEL. Comparable as a broad incumbent in the wind generation value chain.
Direct peers
- Liberty Wind Power 1 (Liberty Mills): Wind IPP in the Gharo-Keti Bandar corridor, Pakistan, selling to CPPA-G under regulated tariff — directly comparable in structure, market, and customer base.
- Hawa Energy (Tapal Group): Pakistan wind IPP in the Jhimpir corridor with NEPRA-regulated tariff and CPPA-G off-take; comparable in size, technology, and concession structure to MWEL/MGEL.
- Fauji Foundation Wind Energy: Pakistan-based wind IPP with multiple operational phases in Jhimpir, structured under NEPRA's Upfront Tariff with sovereign-backed EPAs from CPPA-G — directly comparable concession model.
- Three Gorges Pakistan Wind Power (ACT Group): One of Pakistan's largest wind IPPs in the Jhimpir corridor with multi-phase projects developed under the same NEPRA/CPPA-G framework, with similar turbine OEMs and concession terms.
- Norinco International Wind Power (Sachal Energy): Operates wind farms in the Jhimpir wind corridor under NEPRA tariff regime with CPPA-G off-take; directly comparable in technology, concession model, and Pakistani regulatory environment.
- Sapphire Wind Power Company: Pakistani wind IPP operating utility-scale wind farms in Sindh (Jhimpir corridor), selling electricity to CPPA-G under NEPRA tariffs. Most direct comparable in geography, regulatory framework, off-taker, and scale.
- Metro Wind Power Limited: Operating wind IPP in Sindh's Gharo-Keti Bandar wind corridor, supplying to CPPA-G under a long-term EPA — directly comparable business model, geography, and customer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Master Wind Energy social profiles
Digital presenceMaster Wind Energy compliance and trust
Trust signalCompliance2 records
Master Wind Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Master Wind Energy leadership team
Management profileNumber of profiles
Profiles5 records
Master Wind Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Master Wind Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Master Wind Energy
What does Master Wind Energy do?
Master Wind Energy is a wind power generation company that develops, owns, and operates utility-scale wind farms in Sindh, Pakistan. It operates two projects — MWEL (52.8 MW, Jhimpir) and MGEL (50 MW, Jamshoro) — totaling 102.8 MW of installed capacity using GE and Siemens Gamesa turbines. All generated electricity is sold to the Central Power Purchasing Agency (Guarantee) Ltd. (CPPA-G) under NEPRA-regulated Feed-in Tariffs with sovereign-backed concessions of 20-25 years.
Is Master Wind Energy a public or private company?
Master Wind Energy is a private company. It is classified as corporate owned and is currently operating.
When was Master Wind Energy founded?
Master Wind Energy was founded in 2015. It employs 11 to 50 people.
Where is Master Wind Energy based?
Master Wind Energy is headquartered in Lahore, Pakistan, in the Asia region.
How does Master Wind Energy make money?
Two revenue lines are on record. Electricity Generation and Sale is the primary driver. The others are government-Backed Tariff Revenue.
Who are Master Wind Energy's main competitors?
Broad incumbents on record are GE Vernova, Engie (Engie Energy Pakistan / Global Wind) and Siemens Gamesa. Direct peers are Liberty Wind Power 1 (Liberty Mills), Hawa Energy (Tapal Group), Fauji Foundation Wind Energy, Three Gorges Pakistan Wind Power (ACT Group), Norinco International Wind Power (Sachal Energy), Sapphire Wind Power Company and Metro Wind Power Limited.
Does Master Wind Energy have an API?
No public API is recorded for Master Wind Energy.
What industry is Master Wind Energy in?
Master Wind Energy's product category is Wind Power Generation. Its primary akta.pro industry code is EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations), with a secondary code of EUAMACAH, Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled). Its NAICS code is 221115 and its SIC code is 4911.