Norwegian firm to set up wind power project

Norwegian company M/s NBT has expressed its interest to set up 500MW wind power project by investing about $1 billion in the alternative energy sector.
Arne Myre, chairman of NBT met Minister for Water and Power, Syed Naveed Qamar, here on Monday and offered the project.
Mr Myne informed the minister that the company had applied for the issuance of LoI for 500MW and after approval the company will complete 250MW wind project within 18 months.
The Sindh government has been asked to allocate suitable land at wind corridor. He said that their company owns 27 per cent shares of Nordic Wind Power, which is one of the big names in the wind turbine manufacturers in the world.
He also said that his company will also set up hydro power projects in Pakistan. Mr. Myre also asked for early and suitable tariff and support in clean development mechanism approvals from different forums for this project.
Syed Naveed Qamar asked the AEDB to complete the formalities and issue LoI to NBT at the earliest.
He said the concerned departments will be contacted to speed up the process allowing prompt initiation of the project.

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