Economics & Business

Bids opened for 500 MW power projects in Faisalabad, Dadu

ISLAMABAD: The government of Pakistan is fully committed to eliminate the power crises prevailing in the country and all out efforts are underway to cope with the menace of load shedding in the country by adopting rationale mechanism to generate more electricity through private sector. This was stated by the Federal Minister for Water and Power Raja Pervez Ashraf while talking on the occasion of the bids opening ceremony of 500 MW each Independent Power Projects at Faisalabad and Dadu.

The ceremony was held at Private Power & Infrastructure Board (PPIB) which was attended by Managing Director PPIB Mr. Fayyaz Elahi, all Directors of PPIB and other senior government officials of Finance, NEPRA and Ministry of Water and Power. The bids were opened by the bid evaluation committee in the presence of representatives of the bidding parties and the media. “The present government is also pursuing liberal policy to rebuild the investors’ confidence and all possible support will be provided to facilitate them in this respect” he added.

The Minister stated that the present energy crisis was a great challenge for the government which would be tackled prudently with cooperation of all stakeholders. He was of view that the present government believes in processing all projects with transparency, and observed that there would be no compromise on transparency, adding that this was the main reason, that for the first time in the history of Pakistan, bids of about US$ one billion worth of projects were being opened in public in presence of the national and international media, and the people of Pakistan as witness.

He said that the government welcomes the investors with open arms and will facilitate them for development of the projects and will not face any undue hindrances, as right now time is of the essence and we need power projects to be commissioned as soon as possible to meet the future requirement of power in the country. He also said that bids for another 1200 MW power projects have been invited and will also be opened in the presence of media on June 30, 2008.

He expressed his hope that due to the measures being taken by the government, load shedding will be eliminated from the country by August 14, 2009. He also stressed the need to adopt measures to conserve energy as announced by the government to avert the burden of load management. The bid evaluation committee informed that the bids would be evaluated in accordance with the requirements of the Request for Proposals (RFPs) within the prescribed time.-SANA

About the author

Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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