Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

China lends nuclear hand to Pakistan

ISLAMABAD, October 18 – Energy-hungry Pakistan said on Saturday that China had agreed to help it build two more nuclear power plants in a major boost to the country\’s long-term plans to end crippling electricity shortages.

Foreign Minister Shah Mahmood Qureshi announced the deal after President Asif Ali Zardari returned from a four-day state visit to China, which Qureshi said had been "very significant."

Pakistan, which already has one Chinese-built nuclear power station and another under construction, would benefit from an extra 680 megawatts of energy from the two extra plants, he said without giving further details.

The government has an "energy security plan" envisaging an increase in nuclear power generation from the current 425 megawatts to 8,800 megawatts by 2030 to meet its growing energy demands.

China is one of Islamabad\’s closest allies as well as its largest arms supplier.

Pakistan\’s nuclear weapons programme has been under the spotlight since a 2004 confession by Abdul Qadeer Khan, the father of its nuclear programme, that he sold atomic secrets to Iran, Libya and North Korea.

Khan was pardoned by then president Pervez Musharraf in 2004 but has been kept at his Islamabad villa ever since, guarded by troops and intelligence agents.

Pakistan has rejected international demands for access to Khan.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...