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« Explorer says uranium project unviable | Main | Iran asks China, Russia for support in nuclear talks against 'excessive demands' »
Friday
Nov222013

Pakistan Plans Nuclear Power Plant With China Amid Energy Woes

Pakistan plans to construct a civil nuclear power plant with China’s help in the country’s biggest city to meet growing demand for energy, Prime Minister Nawaz Sharif said today.

“We and China are building this plant together,” Sharif told a seminar in Islamabad that was televised live by state-run PTV. He plans to travel to Karachi on Nov. 26 to lay the foundation stone of Pakistan’s sixth nuclear power plant, which he said will produce 2,117 megawatts of electricity.

China has helped Pakistan build two atomic reactors at Chashma in Punjab province, and is assisting with two more under construction at the same site. The new plant would be the second in Karachi.

Sharif regained power for a record third time in a May election on a pledge to end chronic power shortages that have weighed on growth in the country’s $231 billion economy. The IMF approved a $6.6 billion loan in September for the South Asian nation to help stabilize the economy, which has also been hurt by a Taliban insurgency.

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Reader Comments (1)

Just a thought, is the impending stock crash in the US as a result of the Uranium shortage brought about by the end of the 20 year uranium deal between Russia and the US? What a perfect escape, blame the Russians for your crash and not QE3!!

November 22, 2013 | Unregistered CommenterHubert

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