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FM Dar urges ‘aggressive financing’ for nuclear energy projects

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Foreign Minister Ishaq Dar on Friday called for “aggressive financing” of nuclear energy projects, citing climate vulnerability of developing countries to be the major reason of the initiative.

He made the remarks in a video message issued on the sidelines of the first Nuclear Energy Summit in Brussels. He hailed the summit as a positive development for discussing alternative energy for countries vulnerable to climate change.

“So the summit is going well. Different ideas have been put forth. We have also supported this,” he said, adding that Pakistan already had nuclear energy capacity of more than 3,500 megawatts.

He highlighted that Pakistan was also building another nuclear power plant, Chashma C-5, with the cooperation of China.

“Nuclear is the safest option — it is safe and cost effective. And the world currently needs it,” the foreign minister said. He noted that multilateral international institutions were reluctant to finance such projects.

Dar also met with the UAE Minister of Energy and Infrastructure Almazrouel Suhail on the sidelines of the summit.
Dar also met with Chinese Vice Premier Zhang Guoqing in Brussels. According to the FO, the two appreciated the strategic partnership between the two countries.

“They agreed on the importance of the longstanding cooperation between Pakistan and China in civil nuclear technology.

 

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