KARACHI:  Norwegian companies plans to establish solar power plant in Sindh whose ground work will begin this year with an initial investment of US$250 million which may be raised further keeping in view Pakistan’s need for energy while a hydropower project will also by established in northern areas of Pakistan.

Ambassador of Norway, Tore Nedrebo said while talking to business community at Karachi Chamber of Commerce and Industry (KCCI).

He said that there was a great potential for Pakistan and Norway to have increased trade and many Norwegian companies were interested in making investments in Pakistan.

“Norwegian companies are exploring investment opportunities around the world and if they see such opportunities in Pakistan, they will surely come to invest in this country as well”, he added while exchanging views during his visit to the Karachi Chamber of Commerce and Industry (KCCI).

Younus Bashir was of the opinion that there was much potential for enhancing bilateral trade relations between Norway and Pakistan as Norway imports $3 to $4 billion of textiles related items from around the globe. Pakistan has a good chance to enhance its exports share of textiles in Norwegian market, he added.

“We also want to promote Norwegian investment in Pakistan and do everything for the development of Pakistan–Norwegian business cooperation”, President KCCI said.