China has committed $6.5 billion to finance the construction of a major nuclear power project in Pakistan\’s port city of Karachi as it seeks to strengthen ties with its strategic partner, Pakistani officials said.
Pakistani Prime Minister Nawaz Sharif broke ground on the $9.59 billion project last month but officials have provided few details of how they plan to finance it.
Financing documents seen by Reuters showed China National Nuclear Cooperation (CNNC) has promised to grant a loan of at least $6.5 billion to finance the project which will have two reactors with a capacity of 1,100 megawatts each.
via Exclusive: China commits $6.5 billion for Pakistani nuclear project | Reuters.
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