LAHORE - Pakistan Electric Power Company (PEPCO) expects that the financial institutions will play their due role in overcoming the power shortage in the country and participate in the syndication to open the Letter of Credits (LCs)/Standby Letter of Credits (SBLCs) as well as finance the advance payments to the rental power projects. The banks response, in this regard, is expected within two days. PEPCO is currently in a process to bring the rental power projects to meet the shortfall in the power generation and fulfill the agenda set by the Federal Government to get rid of loadshedding by the end of December 2009. The meeting, chaired by National Bank President Syed Ali Raza and attended by the Presidents and Heads of the Corporate Finance of the leading banks and the DFIs, was briefed by the PEPCO Chief Financial Officer on the structure of the rental power projects. In addition, representatives of the rental projects including Pakistan Power Resources, Walters Power, Techno E Power, and the Turkish sponsors of the Karkay Karadenz also made presentations on their respective projects and financing structure. The financial institutions expressed satisfaction over the awarding process of these rental projects and promised that they will discuss these projects internally within their respective institutions.