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ISLAMABAD, Pakistan, Oct. 6 (UPI) -- Pakistan and China have announced the Pak-China Joint Power Corp.
The new joint venture is aimed at attracting investments for nuclear, coal and hydroelectric power in Pakistan, Pakistani newspaper the Daily Times reported.
The Pak-China Joint Power Corp. will help develop technology for new power projects through ministry-level meetings, leaders agreed. Pakistani President Asif Ali Zardari and his Chinese counterpart, Hu Jintao, will meet in China soon to finalize the agreement.
The corporation will seek Chinese investments for three of Pakistan's projects: the Basha Dam project, the Thar Coal project and phases 3 and 4 of the Chashma nuclear power plant.
Funds also will be sought for the Munda Dam, Kohala Dam and the Neelum- Jhelum Hydropower Project.
All of the projects are part of Pakistan's Vision 2030 plan, which includes generating 8,000 megawatts of power from nuclear plants.
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