Pakistan's Zardari eyes China energy investments

Pakistani President Zardari urged Chinese companies to invest in his country.

Pakistan's Zardari eyes China energy investments

 

Pakistani President Asif Ali Zardari urged Chinese companies to invest in his country, telling them on Wednesday that his government was looking to nuclear, hydro and alternative sources to meet an acute thirst for power.

Zardari made the remarks on the second day of a six-day visit to China that has underscored the strategic bond between the two neighbours who both look warily at India.

His remarks, reported by the Associated Press of Pakistan, the country's official news service, did not touch on a nuclear energy deal with China that has prompted questions from New Delhi, Washington and other capitals.

But Zadari made clear his country was looking to China to help shore up Pakistan's economy and expand an energy sector that has struggled to keep up with a growing population.

Zardari told the Chinese business chiefs in Beijing that "Pakistan was facing acute power shortage and intended to add tens of thousands of megawatts of power to its national grid in the next 25 years through combined hydro, coal, gas, nuclear and renewable energy sources", said the APP report, citing the Pakistani President's spokesman, Farhatullah Babar.

An executive of China's Three Gorges Corporation, which runs the huge hydro power dam in southwest China, said his company agreed to look to hydro and wind power projects in Pakistan, the report said.

The Chinese companies present included NORINCO, one of the country's biggest sellers of conventional arms.

The report did not mention any Chinese nuclear companies.

Beijing and Islamabad appear unlikely to use Zardari's visit to trumpet their nuclear power deal, which has unsettled some other governments, worried that it could erode non-proliferation rules.

Zardari will also meet Chinese President Hu Jintao.

China has said it has the right to pursue nuclear power projects with Pakistan -- which China treats as a counter-weight to Indian influence.

Chinese nuclear companies have built one reactor unit at the Chashma atomic complex in Pakistan's Punjab province, and they are building another one likely to be finished in 2011 or 2012.

Chinese companies have also unveiled plans to build another two bigger reactors at Chashma in coming years.

But those plans have been questioned by other governments.

When the United States sealed its nuclear agreement with India, it won a waiver from that requirement. Washington and other governments have said China should at least seek a similar exemption for the planned reactors in Pakistan.
 

Reuters

Güncelleme Tarihi: 08 Temmuz 2010, 12:21
YORUM EKLE