China will provide 6.5$ billion aids for
nuclear plants.
Earlier
People Republic of China has also provided similar loan terms for the Chashma
nuclear power plants and for Pakistan Energy commission. According to the
official, the classic case of a win-win situation for both parties, adding for
China, it is a profitable investment that also contributes to its industrial
development. Such investments by vendor countries are not unusual for example,
Russia is financing the entire cost of the plant that it is providing to turkey
and has also promised to finance a
planned nuclear power plant for Bangladesh.
in
nuclear technology, China is now well on the way to assuming the mantle of
world leader and at present 29 nuclear power plants are under construction
there by far the largest in any country. China is also making its presence felt
in the international nuclear power arena. Recently experts from China were
invited to provide technical advice and guidance for the new nuclear power
projects that have been initiated in the United States.
The
Americans owners of the upcoming plants have also set up offices in Shanghai to enable their own
workers to learn directly from the greater and more recent Chinese experience
in the latest techniques in nuclear power technology. Chinese companies have
also entered into a joint international
venture to set up nuclear power plants
in the United Kingdom. In Pakistan the first unit at Chashma imported from
China has been working efficiently for
the past 14 years and the second has
been doing well for more than two years.
Construction of two more units is proceeding smoothly and is several months
ahead of schedule, official concluded.
