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Chinese nuclear power giant to construct two reactors in Karachi

11:08 PM | 20 Nov, 2018
Chinese nuclear power giant to construct two reactors in Karachi
BEIJING/KARACHI - China National Nuclear Corporation (CNNC), a nuclear power giant will construct two third-generation reactors in Karachi.

The first pilot nuclear power project using "Hualong One," a domestically-developed third-generation reactor design will soon go into a crucial test stage and is expected to start operations in 2020.

"Its construction is carried out as planned, and its safety and quality are under good control," said Xing Ji, chief designer of "Hualong One", according to China Global Television Network (CGTN).

The project is being assembled in Fuqing, east China's Fujian Province. Another one is to be built later at the same site and two more in Karachi, Pakistan. Altogether, four such facilities are under construction in the world.

"Their current construction goals have all been completed on time or beforehand. They are the world's only third-generation pressurized water reactor power units being constructed according to plan," said Yu Jianfeng, CNNC chairman.

Now, the third-generation nuclear power reactor design has much safer standards than the international predecessors.

Construction of the first "Hualong One" pilot project began in 2015 in Fuqing, and it is a window showing how the Chinese nuclear power industry tries to develop itself and link with the international community.

Based on these, CNNC announced earlier this month that the total amount of its import purchase and overseas local sourcing will exceed 12 billion US Dollars in the next five years.

CNNC's latest programmes also include a small, dedicated "district heating reactor" named "Yanlong," the high-temperature gas cooled reactor technology and participation of the international fusion reactor programme.

These technologies are being displayed in a major exhibition in Beijing to commemorate the 40th anniversary of China's reform and opening up.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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