China and Pakistan Foster Sustainable Energy Cooperation with US$ 3.5 Billion Nuclear Power Plant

• Sommana Yan
• 25 July 2023
• International News
• 2848 Views

In a landmark collaboration, China and Pakistan have inaugurated the construction of Pakistan’s largest nuclear power plant, a monumental project estimated at US$ 3.5 billion. Set to generate a colossal 1,200 megawatts of electricity daily for the national grid, the initiative signals a significant stride towards sustainable energy for the nation.

As per a report on July 14, 2023, the groundbreaking ceremony witnessed the presence of Prime Minister Shehbaz Sharif, accompanied by Chinese dignitaries, at the central Chashma site— a symbolic birthplace of China-Pakistan nuclear power cooperation.

Over the past three decades, Beijing has already played a pivotal role in establishing four nuclear power plants in Chashma, producing a remarkable 1,300 megawatts of energy. China’s unwavering commitment is further highlighted by its provision of refined uranium to fuel these power plants.

“The collaboration aims to promote clean, efficient, and affordable energy—a testament to the close bond between the two nations, setting a commendable precedent for others to emulate,” as stated by Prime Minister Sharif.

Chairman of the Pakistan Atomic Energy Commission, Raja Ali Raza, shared that “the colossal project, aptly named C-5, is projected for completion by 2030. Envisioned as Pakistan’s third-largest nuclear power endeavor, C-5 aligns with the PAEC’s ambitious target of generating 8,800 megawatts of electricity, reinforcing the nation’s commitment to low-cost and clean energy solutions.”

Integral to the Belt and Road Initiative, this venture exemplifies China’s commitment to fostering Pakistan’s energy sector growth. Notably, over the last decade, Beijing has successfully executed and operated 14 commercial coal-fired power plants in Pakistan, with a combined installed capacity of 8,000 megawatts daily.

The CPEC, a pivotal part of the initiative, has woven a vast network of roads, highways, ports, and industrial areas. Chinese direct investment and “soft loans” are anticipated to reach approximately US$ 62 billion by 2030 upon the completion of major projects.

• Projects Development
• Energy and Environment