ISLAMABAD: Director General Strategic Plans Division (SPD) Lt Gen Zubair Mahmood Hayat, called on the Federal Minister for Finance on Saturday to discuss the financing mechanism of K2-K3 nuclear energy projects.
Secretary EAD and DG SPD gave a joint briefing to the Minister about the status of the project and what is the future plan to take this project ahead.
The aforementioned energy projects will be a part of Pak-China Energy Corridor and will be jointly financed by China (EXIM Bank) and Pakistan in a ratio 82 and 18% respectively.
To a question made by the Finance Minister Gen Hayat told the Minister that the project when completed will be the cheapest source of energy. This project will help a long way in overcoming the energy crunch which is experienced now by the country.
It was also briefed to the Minister that the project will use very secure and highly efficient third generation equipment to make cheapest electricity.
The Minister appreciating the efforts of EAD and Pakistan Atomic Energy Commission in making a plan for this project said that, “We will take Pakistan where the rest of the developed world stands now.
When we planned to build the Motorway it was considered ahead of time but now it has increased its value many-fold and if these energy projects are pursued as per planned we shall be able to meet the future energy requirements of Pakistan”.
The Minister directed that another meeting will be held in on the same projects next week in which all the relevant stake holders from EAD, Finance, SPD and PAEC will be invited to make presentations of the project details and what steps are to betaken by the government to help make this project a reality.