Pakistan Atomic Energy Commission (PAEC) and China Power International Holding Ltd (CPIH) has signed a memorandum of understanding (MoU) for cooperation and collaboration in the power sector.
CPIH is one of the core divisions of State Power Investment Corporation (SPIC) and is among the top five public-sector energy groups in China. The CPIH is investing in the energy sector of Pakistan which is not limited to a 2x660mw coal-fired power project under the CPEC in Hub, Balochistan.
PAEC Member Syed Ziauddin and CPIH President Yu Bing signed the MoU on late Monday evening. SPIC Chairman Wang Binghua chairman, PAEC Chairman Muhammad Naeem and Commercial Counsellor of Consulate General of People’s Republic of China Guo Chunshui witnessed the signing ceremony.
Mr Binghua’s efforts were lauded in engaging the commission in significant projects of coal-fired power plants and the PAEC chairman highlighted his experience in wide-ranging fields from nuclear power technology, scientific and engineering R&D to nuclear medicine and agriculture.
Mr Naeem revealed that PAEC had developed expertise in design and construction of power plants, and has systems in place for quality control and safety standards of power plants…
The Heavy Mechanical Complex (HMC), established in the 1970s with Chinese assistance, has played an important part in the industrial growth. “HMC-3 facility has produced and provided a sizable number of equipment for local nuclear power plants and possesses authorization for nuclear safety class manufacturing,” he added.
Mr Binghua said that his organisation is dedicated to building an international innovative and integrated energy group with core competence.
SPIC is operating in over 35 countries which include Pakistan, Australia, Japan, Malta, Turkey, South Africa, Brazil and Myanmar etc.
