Packages Limited has announced to incorporate Packages Power as its wholly owned subsidiary for the purpose of setting up a 3.1MW hydropower project as advertised by the Punjab Power Development Board. "Accordingly, an initial equity of Rs 25 million divided into 2.5 million shares of Rs 10.00 each has been made by Packages Limited into Packages Power (Private) Limited on Tuesday", the company said in material information sent to Pakistan Stock Exchange.