Pakistan and China sign MoU
ISLAMABAD: Pakistan and China signed a Memorandum of Understanding for the construction of Chashma-5 Nuclear Power Plant.
Chinese companies are making $4.8 billion investment in this nuclear power project. It will generate 1200-MW of electricity.
The project is a sign of Chinese companies trust on Pakistan. Prime Minister Shehbaz Sharif said this while addressing a ceremony in connection with Chashma-5 Nuclear Power Project.
President of the China National Nuclear Corporation Overseas Ltd and Pakistan Muhammad Saeedur Rehman, member Atomic Energy Commission signed the MoU.
Meanwhile, PM Shehbaz congratulated the Pakistani nation that Chinese state-owned company, China National, and the Pakistan Atomic Energy Commission signed the agreement for 1,200MW C-5 nuclear plant.
“Such projects are producing thousands of megawatts of electricity. Recently, I also inaugurated the K-4 project in Karachi,” he said at the event.
Chashma 5 will be constructed by CNNC subsidiary CNNC China Zhongyuan Engineering Corp, the company said.
Chashma nuclear power plant in Pakistan as Pakistan and China sign an MoU to complete Chashma-5 Nuclear Power Project.
“According to the agreement, Chinese company will build a one-million-kilowatt-class nuclear power unit with HPR1000 technology at the Chashma Nuclear Power Plant in Pakistan.
The reactor is the seventh nuclear power unit that China has exported to Pakistan and the third HPR1000.
The Chinese-designed HPR1000 Hualong One reactor design is under construction in China, at Fuqing units 5 and 6 and Fangchenggang units 3 and 4.
According to available information, Chashma is already home to four Chinese-built CNP-300 units, while two HPR1000 units are under construction at Pakistan’s Karachi nuclear power plant. Construction began on Karachi unit 2 in 2015 and unit 3 in 2016.
The HPR1000 has also been proposed for construction at Bradwell in the UK, where it is undergoing Generic Design Assessment.
UK national regulatory bodies the Office for Nuclear Regulation and the Environment Agency recently announced the start of the second, technical, phase of the assessment programme for the UK HPR1000.
Pakistan gets another $1 billion loan from China
Pakistan receives another $1 billion
Pakistan received another $1 billion from China as a commercial loan late Friday night.
The State Bank of Pakistan (SBP) has confirmed the receipt of the loan, deposited into the designated SBP’s account.
On Friday evening, finance minister Senator Muhammad Ishaq Dar disclosed that the SBP would receive another $1 billion commercial loan from China.
