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Pakistan and China sign US$4.8 billion nuclear power plant deal

beijingwalker

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Pakistan and China sign US$4.8 billion nuclear power plant deal​

Pakistan and China sign US$4.8 billion nuclear power plant deal

Flags of Pakistan and China are seen at the entrance of the China Pavilion, during the International Defence Exhibition and Seminar "IDEAS 2022" in Karachi, Pakistan, Nov 16, 2022. (Photo: REUTERS/Akhtar Soomro)

20 Jun 2023 06:16PM(Updated: 20 Jun 2023 06:44PM)

ISLAMABAD: Pakistan and China signed a US$4.8 billion deal on Tuesday (Jun 20) to build a 1,200-megawatt nuclear power plant, Prime Minister Shehbaz Sharif said, hailing the investment by a country that Pakistan views as its most dependable ally.

Work on the Chashma 5 project would begin immediately, Sharif said on state-run news channel PTV following the signing of the memorandum of understanding (MOU) between China National Nuclear Cooperation and Pakistan Atomic Energy Commission.

"Investment from China in this project to the tune of US$4.8 billion sends a message loud and clear that Pakistan is a place where Chinese companies and investors continue to show their trust and faith," Sharif said.

The Chashma 5 project will be built in the central province of Punjab. China's support will help Pakistan make the transition away from reliance on fossil fuels.

Pakistan's total nuclear energy production capacity rose to 1,400 mw, when the country's sixth nuclear power plant opened two years ago. Located in the southern port city of Karachi, that 1,100 mw plant was also constructed with Chinese assistance.

Sharif, whose government is desperately struggling to stave off a balance of payments crisis, thanked the Chinese partners for offering a US$100 million discount for the latest project.
It is unclear whether the new investment is part of the US$65 billion that China has pledged in infrastructure building for Pakistan under its Belt and Road Initiative.

The new project was originally planned to start a couple of years ago, and Sharif expressed thanks to the Chinese side for not rescheduling costs despite the long delay. Instead, he said, the Chinese had disbursed an initial 30 billion Pakistani rupees (US$104.53 million) to start the project.

 
there is excess generation capacity if everything currently installed is brought online - the issue seems to be transmission inefficiency and circular debt in case of coal plants.

This is just PML(N) insider trading at play
 
The PAEC is all set to expand the footprint of nuclear energy as it has prepared plans to set up two new power plants — K-4 and K-5 — of 1,400MW each in Karachi, while two nuclear plants — M-1 and M-2 — of 1,400MW each are planned in Muzaffargarh, Punjab.

What model are these future 1400 MW reactors? CAP1400 or Hualong Two? The CAP1400 is based on the CAP1000 which is based on Westinghouse's AP1000 and is inherently unsafe. I hope both China and Pakistan do not employ this reactor without design changes to containment and the steel liner.
 
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