Safriz
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Islamabad: China has provided a loan of Rs 136 billion for two nuclear power plants that
Pakistan expects to commission by 2016, the state-run media reported on Friday. The power plants of 340MW each are being built with Chinese assistance at the
Chashma nuclear complex in Punjab province. The "construction of these power plants became
possible after a long-standing agreement", official
sources were quoted as saying by APP news agency. The total cost of the two plants is Rs 190 billion and
they will be partially funded by a Chinese loan of Rs
136 billion, the sources said. The Pakistan Atomic Energy Commission has
allocated Rs 34.6 billion a "major chunk" of its budget
for the C3 and C4 nuclear power plants at Chashma. The government has so far spent Rs 62.4 billion on
the Chashma project, and with the additional spending of Rs 34.6 billion, authorities
believe almost half of the work on the two new power plants will be completed by
June 2013, the sources said. The two plants are expected to be commissioned by 2016 and three other power plants
that have already been commissioned are "performing well", the sources said. PAEC has plans to produce 8,800 MW of nuclear power by 2030. According to an unnamed official in the Ministry of Science and Technology, the
government is harmonising efforts in the energy sector by different ministries,
departments and research centres by creating an "Energy Council" with heads of
relevant organisations. The council will advise authorities on priority areas for research and development and
on management of resources. "Acquisition of technology for building nuclear power reactors through research and
development, as well as transfer of technology agreements, is also in consideration," the
official said.
Pakistan expects to commission by 2016, the state-run media reported on Friday. The power plants of 340MW each are being built with Chinese assistance at the
Chashma nuclear complex in Punjab province. The "construction of these power plants became
possible after a long-standing agreement", official
sources were quoted as saying by APP news agency. The total cost of the two plants is Rs 190 billion and
they will be partially funded by a Chinese loan of Rs
136 billion, the sources said. The Pakistan Atomic Energy Commission has
allocated Rs 34.6 billion a "major chunk" of its budget
for the C3 and C4 nuclear power plants at Chashma. The government has so far spent Rs 62.4 billion on
the Chashma project, and with the additional spending of Rs 34.6 billion, authorities
believe almost half of the work on the two new power plants will be completed by
June 2013, the sources said. The two plants are expected to be commissioned by 2016 and three other power plants
that have already been commissioned are "performing well", the sources said. PAEC has plans to produce 8,800 MW of nuclear power by 2030. According to an unnamed official in the Ministry of Science and Technology, the
government is harmonising efforts in the energy sector by different ministries,
departments and research centres by creating an "Energy Council" with heads of
relevant organisations. The council will advise authorities on priority areas for research and development and
on management of resources. "Acquisition of technology for building nuclear power reactors through research and
development, as well as transfer of technology agreements, is also in consideration," the
official said.
