PM Khan virtually inaugurates Karachi’s K-2 nuclear power plant

In this file photo, Pakistan's Prime Minister Imran Khan addresses a ceremony in Islamabad on February 17, 2020. (AFP)
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Updated 21 May 2021
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PM Khan virtually inaugurates Karachi’s K-2 nuclear power plant

  • Pakistan Atomic Energy Commission connected the K-2 plant to the national grid
  • In 2013, China committed $6.5 billion to finance construction of a major nuclear power project in Karachi

ISLAMABAD: Prime Minister Imran Khan on Friday virtually inaugurated the 1,100 megawatts nuclear power plant, the Karachi Nuclear Power Plant Unit-2 (K-2).

The Pakistan Atomic Energy Commission (PAEC) connected the K-2 plant to the national grid in March.
In 2013, China committed $6.5 billion to finance the construction of a major nuclear power project in Pakistan’s port city of Karachi, which would have two reactors with a capacity of 1,100 megawatts each.
Addressing the inauguration ceremony, Khan said the plant would help Pakistan with it goal of generating “clean energy”.
“This is important for us because Pakistan is among top 10 countries at risk due to climate change,” the prime minister said.
“Glaciers are melting at a rapid speed, and our coming generations will face an acute water shortage as well as food security issues if the effects of climate change are not reversed,” Khan said, saying clean energy was “important” for Pakistan. “Unfortunately, we have not focused on producing energy from water despite the country having the potential to do so.”
Last December, PM Khan said 60 percent of all energy produced in the country by 2030 would be clean and obtained through renewables, while speaking at a Climate Ambition Summit’s virtual meeting.
“By 2030, 60 percent of all energy produced in Pakistan will be clean energy through renewables,” Khan said. “30pc of all our vehicles will be [run] on electricity.”


Pakistan says Azerbaijan close to finalizing $2 billion investment deal

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Pakistan says Azerbaijan close to finalizing $2 billion investment deal

  • Shehbaz Sharif discusses investment ties in meeting with Azerbaijani presidential envoy
  • Deal builds on growing energy cooperation, including SOCAR’s footprint in Pakistan

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday Pakistan was close to finalizing a $2 billion investment agreement with Azerbaijan, as he met a senior representative of President Ilham Aliyev amid Islamabad’s push to attract foreign capital into key sectors.

Sharif made the remarks during a meeting with Khalaf Khalafov, Azerbaijan’s presidential representative on special assignments, at the Prime Minister’s Office, according to an official statement.

The talks come as Pakistan seeks large-scale foreign investment to shore up its economy and strengthen energy security, with Azerbaijan emerging as a key partner.

“Welcoming the Azerbaijani dignitary, the Prime Minister recalled the warm fraternal bonds between Pakistan and Azerbaijan and reaffirmed Pakistan’s resolve to further strengthen bilateral relations with Azerbaijan, in all areas of mutual interest,” the statement said.

“While noting that both sides were close to finalizing the agreement for USD 2 billion investment by Azerbaijan in Pakistan, the Prime Minister reiterated his invitation to President Aliyev to undertake an official visit to Pakistan at his earliest convenience,” it added.

Earlier this month, Pakistan’s finance ministry said that Azerbaijan’s state energy company SOCAR was set to finalize an investment in the country’s oil and gas sector following high-level engagements at the World Economic Forum in Davos, as Islamabad works to stabilize energy supply, reduce costs and improve contractual transparency.

SOCAR already operates in Pakistan through SOCAR Trading, which supplies up to one LNG cargo per month without take-or-pay obligations, giving Pakistan greater flexibility in managing demand and pricing.

Regional issues were also discussed during Friday’s meeting.

Khalafov thanked Pakistan for its diplomatic support during the 2020 Nagorno-Karabakh conflict — a brief but intense war between Azerbaijan and Armenia that ended with Baku regaining control of large parts of the disputed territory — and reaffirmed Azerbaijan’s longstanding support for Pakistan’s position on Kashmir, the statement said.

Pakistan and Azerbaijan have expanded economic and strategic ties in recent years, including defense and security cooperation.