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ISLAMABAD: Prime Minister Shehbaz Sharif has stated that he is going to inaugurate the K3 today (Thursday) which would increase the total electricity production from nuclear power plant in Karachi to 2200 MW.

The prime minister stated this while talking to Chinese Atomic Energy Authority (CAEA) Vice Chairman Liu Jing, Pang Chunxue, Director General of the Chinese Embassy in Pakistan, and other high-level Chinese officials who participated in the meeting.

The meeting was also attended by Finance Minister Ishaq Dar, Minister for Planning and Development Ahsan Iqbal, Minister for Power Khuram Dastgir, Special Assistants Tariq Fatemi, Tariq Bajwa, and related officials.

N-power plants set up by China face financial problems

The prime minister was briefed on China’s investment in nuclear energy projects in Pakistan.

The premier said that China is a long-time friend of Pakistan who has helped Pakistan in every good and bad situation. He added that the strategic partnership between Pakistan and China is ideal and Pakistan wants to strengthen it further.

The investment of billions of dollars under the China-Pakistan Economic Corridor is proof of the love of the Chinese government and people for Pakistan. He further stated that under the CPEC, China played a key role in controlling the electricity shortfall in Pakistan.

Copyright Business Recorder, 2023

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TimeToMovveOn Feb 02, 2023 10:25pm
'The investment of billions of dollars under the China-Pakistan Economic Corridor is proof of the love of the Chinese government and people for Pakistan. " Stop this bonhomie and come to reality. China invested yes, but more than 90% are loans with high interst rate. They did not do this for free. They are not cutting tarrifs. They are not cutting interst rates either. And they want their money back.
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Abdullah Feb 03, 2023 04:53pm
Chinese are looting the nation.They have charhed massive interests for it.
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Rx Feb 03, 2023 09:43pm
@TimeToMovveOn, CPEC rates are the lowest .. around 1.9 or 2% so stop spreading disinfo
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TimeToMovveOn Feb 04, 2023 12:15am
@Rx, You are correct, I should have clarified. The govt CPEC loans are at 1.9 or 2%. The commercial portion of the CPEC loans (Dawn news) "Interest rate is 3.76pc for an average loan with 13.2 years’ maturity" These commercial loans are 50% of CPEC loans. So it is still high. I financed my house at 2.25%
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