Islamabad. China on Tuesday signed a deal to set up a 1,200 MW nuclear power plant in cash-strapped Pakistan’s Punjab province at a cost of $4.8 billion. China has made this agreement as a sign of further deepening the strategic relations between the two countries. Pakistan Prime Minister Shehbaz Sharif was also present at the signing of the agreement.
Under the agreement, China will set up a 1200 MW Chashma-V nuclear plant at Chashma in Mianwali district of Punjab. In his address, Prime Minister Sharif described the nuclear plant deal as a symbol of growing economic cooperation between China and Pakistan and resolved that the project would be completed without delay. “We will start work on it without delay. The Pakistan Muslim League-Nawaz (PML-N) leader also slammed the previous Imran Khan government for delaying the power projects.
Sharif said that amidst difficult economic conditions, Pakistan is getting $4.8 billion investment from China for this project which will send a message that “Pakistan is the place where Chinese companies and investors are investing which is based on their trust and confidence”. Sharif said that Chinese companies have given special concession which will save billions of rupees in this project.
He expressed confidence that with the help of China and friendly countries, Pakistan would come out of difficult times. According to the Pakistan Atomic Energy Commission, the power generation capacity of the four previously established nuclear plants in Chashma is 1330 MW. Two other nuclear plants are also established in Pakistan. The capacity of these two reactors of the Karachi Nuclear Plant is 2,290 MW.
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