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

China shuts down 110 porn websites

US drone strike kill 30 militants in Yemen

Abdullah leading in Afghan presidential poll

Czech women's team advances to Fed Cup final

Pope prays for peace in Syria, Ukraine on Easter

Heavy snowfall hits search operations on Mt. Everest

Wilshere hopeful for World Cup: Wenger

Seven killed in road accident in China

Italy releases Persian epic in digital format

Japan official visits controversial shrine

14 soldiers killed in terrorist attack in Algeria

Malaysian Indian leader cremated with state honours

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