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« Japan Sees Key Role for Nuclear Power | Main | Nuclear Issue in Limbo as Indecision Grips Japan »

China to provide $6.5bn for K-2/K-3 Nuclear power projects

ISLAMABAD: China will provide loan of $6.5 billion for nuclear power plants KANUPP-2 and KANUPP-3 on soft terms, which will help Pakistan to make a substantial improvement in its dire electrical power shortage problem.

Earlier, china has also provided similar loan terms for the Chashma nuclear power plants C-3 and C-4, official sources at Pakistan Atomic Energy Commission (PAEC) told APP here Tuesday.

Official said this agreement is a classic case of a win-win situation for both parties, adding for China, it is a profitable investment that also contributes to its industrial development.

He said such investments by vendor countries are not unusual, for example, Russia is financing the entire cost of the 4800MW plant that it is providing to Turkey, and has also promised to finance a planned nuclear power plant for Bangladesh.

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