$10 billion Pakistan nuclear power plant to be built by China

Nawaz Sharif also congratulated the Pak Atomic Energy Commission on the timely start of the project after its foundation was laid in November 2013.

$10 billion Pakistan nuclear power plant to be built by China
KARACHI: Pakistan Prime Minister Nawaz Sharif today inaugurated construction work on a China-backed $10 billion nuclear power plant here.

The Karachi Nuclear Power Plant II (Kanupp II) with the capacity to produce 1,100 MW electricity is being built with the assistance of China, which has become the biggest investor in energy and infrastructure projects in Pakistan.

"This project is an example of the healthy friendship between Pakistan and China. We are thankful for the continued support of Pakistan by the Chinese government," Sharif said.

He also congratulated the Pakistan Atomic Energy Commission on the timely start of the project after its foundation was laid in November 2013.

Built for an estimated cost of USD 10 billion, the project was in the spotlight due to opposition by civil society activists who alleged that it was being built in violation of environmental laws.

The start of work on Kanupp II will pave the way for the construction of Kanupp III, also with a planned capacity to produce 1,100 MW, to be built with Chinese help.
ADVERTISEMENT

The groundbreaking of Kanupp III was also performed in 2013 along with Kanupp II.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › World News › $10 billion Pakistan nuclear power plant to be built by China
Text Size:AAA
Success
This article has been saved

*

+