Pakistan Procurement News Notice - 38754


Procurement News Notice

PNN 38754
Work Detail Pakistan inaugurated a $2.7 billion nuclear reactor, providing some relief as the nation grapples with an energy crisis. The 1,100 megawatts capacity power plant will generate some of the nations cheapest electricity, according to data from regulator National Electric Power Regulatory Authority. The facility was connected to the grid last March. Advertisement For the latest headlines, follow our Google News channel online or via the app. Its the second unit at the Karachi nuclear power plant to use a Chinese-designed Hualong One reactor. China financed the facilitys expansion. Pakistan "badly needs clean and cheap sources of energy, whether it is nuclear, hydro or other renewables," Prime Minister Shehbaz Sharif said at a ceremony at the power plant in Karachi. While the new facility is a welcome addition to Pakistans stretched grid, it wont do much to curb dependence on expensive fossil fuel imports or solve the nations chronic energy shortages. Pakistan is in discussions with the International Monetary Fund to increase its energy tariffs in return for bailout funds. The countrys foreign-exchange reserves fell to the lowest in nine years last month, as high fossil fuel costs put pressure on the governments budget. Police revise down death toll of Pakistan mosque blast near police HQ in Peshawar Pakistan orders Wikipedia to remove unlawful content or face ban Suicide bomber who killed over 100 in Pakistan mosque was in police uniform
Country Pakistan , Southern Asia
Industry Energy & Power
Entry Date 04 Feb 2023
Source https://energycentral.com/news/pakistan-launches-27-billion-china-designed-nuclear-plant

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