ISLAMABAD, May 26: Bids were opened here at a ceremony on Monday at the Private-Power and Infrastructure Board (PPIB) for setting up 500MW power generation projects located at Faisalabad and Dadu.

Ruba Energy Pakistan and Angro Chemicals Pakistan have expressed their interest in these projects.

The rates would be opened after a week after confirming the financial soundness and capacity of both the companies.

Speaking on the occasion, Minister for Water and Power Raja Pervez Ashraf said that the government was making all-out efforts to end the menace of load-shedding by adopting a rational mechanism of generating more electricity through private sector.

He said that due to measures being taken by the government, load-shedding would be eliminated by Aug 14, 2009.

He said the new government believed in transparency and for the first time in the history of Pakistan, bids of about $1billion projects were being opened in the presence of media.

He informed that bids for another 1200 MW power projects have been invited and would be opened on June 30.

The ceremony was attended by board’s Managing Director Fayyaz Elahi, all directors of PPIB, and senior government officials.

Opinion

Editorial

Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....
Soft on traders
08 Jun, 2026

Soft on traders

THE Fixed Tax Asaan Scheme for traders with an annual turnover of up to Rs200m has been designed as a ‘pragmatic...
Ceasefire in name
Updated 08 Jun, 2026

Ceasefire in name

Both sides accuse the other of violating the truce that was supposed to halt the conflict in April, yet neither appears willing to abandon negotiations altogether.
Damaged childhoods
08 Jun, 2026

Damaged childhoods

CHILD abuse is so prevalent that the UN ranked Pakistan as the least safe country for children. Even so, more than...