Three major state-owned power plants, with a combined generation capacity of 2,362 megawatts, are set to go up for sale today in the second phase of the government’s auction of outdated and non-operational energy assets.
This auction is part of broader efforts to reform Pakistan’s energy sector, attract new investments, and ensure more efficient use of financial resources.Â
The plants being auctioned include the 880MW Jamshoro Thermal Power Station, the 1,350MW Muzaffargarh Thermal Power Station, and the 132MW Steam Power Station in Faisalabad. The reserve price for the three plants has been set at Rs26.62 billion.
The auction is being conducted in line with directives from the Economic Coordination Committee (ECC) and the Ministry of Energy, as well as guidelines issued by the Prime Minister’s office.Â
The event will take place at the Genco Holding Company Limited offices, with representatives from bidders, the media, and relevant institutions invited to ensure transparency.
In the first phase of the auction, seven old thermal power plants were successfully sold, raising more than Rs9 billion in total bids, surpassing the reserve prices.Â
