world-news

China to grant $6.5 bn for nuke power project in Pakistan

Islamabad, Dec. 25 : China has committed to grant a loan of 6.5 billion dollars to Pakistan for the construction of a major nuclear power project in Karachi in a bid to strengthen ties with its strategic partner.


The China National Nuclear Cooperation (CNNC) has promised to finance the project with two reactors of 1,100 megawatts capacity each, the Express Tribune reports.

Chairman of the Pakistan Atomic Energy Commission Ansar Parvez said that the project would be completed by 2019 and each of the two reactors would be larger than the combined power of all nuclear reactors now operating in Pakistan.

According to the sources, China has also waived a 250,000 dollars insurance premium on the loan.

--ANI (Posted on 25-12-2013)

world-news headlines

Algeria: Ban lauds peaceful polls, encourages democracy

UNESCO denounces killing of media workers in Syria

Stable societies vital for advancing development: UN

UN urges Bahrain to stop persecuting Shi'a Muslims

Smaller farmers gain greater hold in banana market: UN

Syria: UN confirms progress in removing chemical weapons

South Sudan: UN condemns attack on convoy carrying aid

South Sudan: UN condemns attack on convoy carrying aid

Ukraine: UN calls for immediate de-escalation of violence

Scientists in UN-backed initiative decode tsetse fly genome

UN kicks off annual global immunization campaign

Darfur: UN urges support for peace process

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top