Spadework has been started on the 1,000 MW nuclear power plant being set up near Hawkes Bay with Chinese assistance, sources said. The plant worth $4 billion will take seven years to start generating power.
First payment from the $1 billion allocated in the current budget has been released by the federal government to the Pakistan Atomic Energy Commission to initiate development work on the project.
Prime Minister Nawaz Sharif will inaugurate the project on a later date as part of Karachi Coastal Power Project that involves setting up two nuclear reactors having a production capacity of 1,000MW each.
The sources said that the centre has also earmarked funds for setting up a nuclear power plant in Punjab with Chinese assistance.
Pakistan Atomic Energy Commission has set a target of establishing nuclear power plants capable of producing 8,800 MW of electricity by the year 2030, most likely with Chinese assistance, the sources said.
Published in The Express Tribune, October 24th, 2013.