Pakistan, China reach nuclear energy deal

subscribe

The Pakistani government has finalized a deal with China to build two new nuclear power plants in the country, the Pakistani foreign minister said.

Pakistani Foreign Minister Mehmood Qureshi said Pakistan was working with its Chinese counterparts on more than 120 different projects, including two nuclear power facilities in Pakistan, the Associated Press of Pakistan reports. Despite concerns over the proliferation of nuclear material, the foreign minister said his country was moving ahead with its nuclear activity in line with international expectations.

"We have no objections on inspections by the International Atomic Energy Agency because we are proceeding ahead in a transparent manner," he said.

Pakistan is facing a looming energy crisis that is creating rolling blackouts in parts of the country.

The energy deal comes as Pakistani President Asif Ali Zardari accepted the credentials of Liu Jian, the new Chinese envoy to Islamabad.

Zardari said trade relations with China fell well short of their potential.

"Strengthening and enhancing cooperation with China in all sectors is one of the key principles guiding Pakistan's foreign policy," said the Pakistani president.

Related News

canadian oil rig

Cheap oil contagion is clear and present danger to Canada

CALGARY - A war between Russia and Saudi Arabia for market share for oil may have been triggered by the COVID-19 pandemic in China, but the cheap oil contagion that it will spread could have impacts that last longer than the virus.

The prospects for Canada are not good.

Plunging oil prices, reduced economic activity from virus containment, and the fallout from weeks of railway blockades over the Coastal GasLink pipeline all add up to “a one-two-three punch that I think is almost inevitably going to put Canada in a position where its growth has to be negative,” said Dan McTeague, a…

READ MORE
hydro one

Hydro One employees support Province of Ontario in the fight against COVID-19

READ MORE

thermostat

B.C. electricity demand hits an all-time high

READ MORE

soldiers pond converter station

Reliability of power winter supply puts Newfoundland 'at mercy of weather': report

READ MORE

The European Union

EU draft shows plan for more fixed-price electricity contracts

READ MORE