Prime Minister Shehbaz Sharif on Thursday inaugurated the third unit (K-3) of the Karachi Nuclear Power Plant (KANUPP) during his day-long official visit to the port city.
Addressing the occasion, the prime minister congratulated the scientists and workers of Pakistan and China who worked on the project and said K-3 was a step forward in cooperation with Pakistan’s trusted friend China.
The premier said in view of $27 billion energy import bill, Pakistan required alternative and cheaper sources of energy including solar, wind, hydel and nuclear. He said Pakistan was gifted with enormous resources with the potential of producing 60,000 megawatts through hydel power, however, regretted that the power generation stood merely at 10,000 megawatt.
He recalled that the project of KANUP was finalized during the tenure of then prime minister Nawaz Sharif and expressed gratitude to the government of China for extending cooperation in this regard. Shehbaz Sharif mentioned that the electricity projects under the China-Pakistan Economic Corridor were greatly contributing to the country’s energy demands through the production of thousands of megawatts.
The PM also offered an immediate deal to Chinese firms and said “if we can agree on a price formula, we can sign letter of intent tomorrow. If you agree on a price of $2 million per megawatt, we can sign the agreement right now.”
