GB Signs Contract with Norwegian Firm to Enhance Hydropower Generation
Islamabad:
According to a news published on 26-10-2023, the government of Gilgit-Baltistan
has collaborated with the Norwegian Hydro Company (NOR Hydro) to advance
sustainable energy production in the region.
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As per official details, this
investment agreement is a critical milestone for Gilgit-Baltistan’s energy
sector to achieve. The contract was formalized between NOR Hydro and the GB
government in Islamabad. According to
the agreement, the Norwegian hydropower company will invest in hydro and solar
energy projects, beginning with Skardu in Baltistan. All parties are enhancing
current power plants by developing a 4.5-megawatt solar park for eco-friendly
electricity.
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Moreover, they are also working on
innovative hydroelectric technology projects relating to water and power. GB
Chief Minister Haji Gulbar Khan and Norwegian Ambassador Per Albert Ilsaas
attended the signing event marking the historical day with appreciation and
mutual recognition. The CM Khan praised Norwegian involvement in the region’s
prosperity. In addition, the Norway Ambassador expressed optimism about
Gilgit-Baltistan’s growth and the private sector’s potential.
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