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Norway offers investment for hydel power projects

Hyde

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Norway offers investment for hydel power projects

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Norway has offered special coordination in hydel power projection to overcome energy crisis.

Norwegian Ambassador to Pakistan Cecilie Landsverk on Friday said that Norwegian investors are interested in hydel power and gas sectors in Pakistan, adding that could generate 1,00,000 MW through its hydropower resources to overcome energy crisis.

Talking to Vice President FPCCI Mirza Abdul Rehman, she said that optimum utilization of hydropower potential with the help of international community could tackle power shortfall on sustainable basis.

The Ambassador said that Pakistan has fantastic potential to generate electricity.

Hydropower is the best way to bridge the gap between electricity generation and consumption which would improve the ratio of low-cost electricity in the system to stabilise the tariff, said Cecilie Landsverk.

She said that Norwegian investors are also interested in promising onshore and off shore gas sectors of Pakistan.
Ms Landsverk advised Pakistani business community to focus on food chains in Norway.

There are great business possibilities here but perception in west about Pakistan is not improving since last few years which is blocking investment, she added.

Mirza Abdul Rehman asked for cooperation to overcome energy crisis, resume fisheries exports and initiate projects aimed at imparting vocational training to youth.

He said that Norway s fruit and vegetable chains should visit Pakistan to explore opportunities.

Norwegian designers can help educate our artisans about taste and demand patterns of European countries to boost exports, said Mirza Abdul Rehman.

Mirza Abdul Rehman said that a delegation of FPCCI is to visit Norway to explore opportunities in different sectors including pharmaceutical and surgical sectors.

FPCCI and Norway can join hands to establish vocational centres in Khyber Pakhtoonkhwa and Punjab, said Malik Sohail.
Malik Sohail said that President FPCCI Haji Ghulam Kadir Sherani, and national business leaders Tariq Sayeed and Iftikhar Ali Malik are regards highly Norwegian help in promoting education, health and culture in Pakistan.

Stressing upon the need of expanding bilateral economic and commercial relations Atif Akram Sheikh said that trade could be enhanced through planned visits of businesspersons with the help of two governments and business chambers.

Source: Dunya News: Pakistan:- Norway offers investment for hydel power projects...
 
The problem of Pakistan is not only producing Electricity but also to keep it affordable..
Too much foreign companies will make it expensive...
 
Is hydel power suppose to be hydro(mistake) or is hydle something different?
 
The problem of Pakistan is not only producing Electricity but also to keep it affordable..
Too much foreign companies will make it expensive...

Invest in proper distribution system, that'll make it affordable. One can easily generate energy, but the problem lies in distributing it properly (without much attenuation) from the source to the demand zone.
 
with a proper government in place, law and order there is no shortage of investors for Pakistan
 
Invest in proper distribution system, that'll make it affordable. One can easily generate energy, but the problem lies in distributing it properly (without much attenuation) from the source to the demand zone.

These days the Global financial system gone bonkers has more costs in interest payment than the actual work...
The money the Norwegian Company will invest will have a chain of lenders each will want compound interest
 
Norway is a beautiful country, but I am not sure what will happen after we all saw the Turkey Ship power plant.. money making scheemes
 

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