The USD 4-billion plant will take seven years to start generating power.
The first payment from the USD 1 billion allocated for the project in the current budget has been released by the government to the Pakistan Atomic Energy Commission (PAEC), The Express Tribune reported.
The funds are being used to initiate development work on the project.
Prime Minister Nawaz Sharif will inaugurate the plant at a later date as part of the Karachi Coastal Power Project, which envisages the setting up two nuclear reactors of 1,000 MW each.
The PAEC has set a target of producing 8,800 MW with nuclear power plants by 2030.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
