ISLAMABAD (APP) - As many as 12 national and international companies have shown their interest to invest in power sector by submitting their bids for international competitive bidding of 1,000 MW IPP and 500 MW rental private power projects. These bids were opened in the presence of Secretary Ministry of Water and Power Ismail Qureshi, senior officials of the Ministry, bidders and media persons here on Tuesday at Private Power and Infrastructure  Board headquarters. Out of total nine companies submitted their bids of overall 3,058 MW against 1,000 MW cumulative power generation capacity while three companies submitted their bids of overall 779 MW against 500 MW rental power project. Those companies submitted bids for 1,000 MW IPP included Ruba Energy Limited (166 MW) at Kala Shah Kako, Pace Power Generation Limited (1000MW) at Muzaffargarh, Curative (170MW) at Chakwal, Fatima Power Generation Limited (200MW) at Shah Makeen, Okara, Caviliar (500MW) at Port Qasim, Saba Generation Company (171MW) at Arifwala, Attock Oil Company (202.179 MW) at Mandibahudin, Progas Energy Limited (345MW) Port Qasim and Pak Electron Limited (304MW) Keth village, Lahore. Three companies submitted bids against 500MW rental power included  Walters (230MW) at Kurangi, Karachi, Karkey (248.95MW) at Karachi and Caviliar (300MW) at Port Qasim.  Secretary Ministry of Water and Power Ismail Qureshi talking to journalists said that the government received a good response from investors and besides national companies five foreign companies from countries including USA, UAE and Turkey have also submitted their bids. He said the submitted bids will be evaluated by an evaluation committee within 10 days and on the basis of criteria financial bids will be opened. He said the qualified bidders will be announced will be announced on August 2 and letter will be awarded to them. He said the successful companies will start operational work in six months in rental power while IPP will start operations in 12 months. He said all steps were taken to make the bidding process transparent. He said the main objective of the bidding was to overcome power shortfall being faced by the country, adding, the step is part of govt's short-term strategy to increase power generation. Besides, he said long-term and medium-term strategies are also being initiated to generate more electricity in the country.