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

Atletico Madrid take on Chelsea in Champions League semis

Pakistan under EU scrutiny for human rights

Ronaldo to return for Champions League semifinal

Dutch FA to punish firework-throwing Ajax fans

Hero MotoCorp enters Bangladesh

10 killed in suicide car bombing in Iraq

Four more crew members of sunken ferry arrested

Blazers beat Rockets in overtime

NASA crashed moon mission at 5,700 km per hour!

Three killed in firing in Quetta

Chinese youth unemployment down to 23 percent

Ukraine launches probe into eastern town shootings

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