ISLAMABAD: Prime Minister Shehbaz Sharif will attend Memorandum of Understanding signing ceremony related to construction of Chashma-5 Nuclear power Plant in Islamabad.
He will also participate in the inauguration ceremony of Margalla Avenue. The prime minister will present the donation of transport vans by government to Pakistan Sweet Homes. The prime minister will also address on this occasion.
In 2017, China National Nuclear Corporation (CNNC) and the Pakistan Atomic Energy Commission (PAEC) signed a cooperation agreement on the construction of a HPR1000 Hualong One reactor at the Chashma nuclear power plant.
According to the agreement, CNNC was supposed to build a one-million-kilowatt-class nuclear power unit with HPR1000 technology at the Chashma Nuclear Power Plant in Pakistan. The reactor will be the seventh nuclear power unit that China has exported to Pakistan.
READ MORE: IMF issues rebuttal, denies any condition attached to Pak nuclear program
Chashma is already home to four Chinese-built CNP-300 units. Chashma 5 will be constructed by CNNC subsidiary CNNC China Zhongyuan Engineering Corp.
Under the agreement, Pakistan was to have 15 percent equity. The project cost was $4 billion, out of which, China was to provide $3.40 billion and Pakistan $600 million.
According to report, the Pakistan Tehreek-e-Insaf (PTI) government did not approve construction of the project. In this regard, the top functionaries of CNNC had a meeting with Federal Power Minister Khurram Dastgir Khan.
