Keyword: chashma

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  • China provides Rs 136 bn loan for Pak nuclear plants

    02/22/2013 5:57:14 PM PST · by Jyotishi · 1 replies
    The Indian Express ^ | Friday, February 22, 2013 | Press Trust of India
    Islamabad - China has provided a loan of Rs 136 billion for two nuclear power plants that Pakistan expects to commission by 2016, the state-run media reported today. The power plants of 340MW each are being built with Chinese assistance at the Chashma nuclear complex in Punjab province. The "construction of these power plants became possible after a long-standing agreement", official sources were quoted as saying by APP news agency. The total cost of the two plants is Rs 190 billion and they will be partially funded by a Chinese loan of Rs 136 billion, the sources said. The Pakistan...
  • US fines China firm for illegal export to Pak nuke plant

    01/06/2013 2:24:28 PM PST · by Jyotishi · 5 replies
    Rediff ^ | Friday, January 4, 2013 | Press Trust of India
    A Chinese company has agreed to pay a penalty of $3 million after pleading guilty to the charges of illegally exporting high-performance coating to Pakistan's Chashma nuclear power plant, US federal authorities said. Headquartered in Nanjing, the Chinese firm Huaxing agreed to the maximum criminal fine of  $2 million, $1 million of which will be stayed pending its successful completion of five years of corporate probation. Huaxing was building Chashma II Nuclear Power Plant in Pakistan as part of a nuclear cooperation pact between China and Pakistan. Chashma II is owned by the Pakistan Atomic Energy Commission, which is an...