Islamabad, March 28, 2014 (PPI-OT): Lt. Gen. Zubair Mehmood Hayat, DG-SPD and Mr. Ansar Pervez, Chairman-PAEC called on the Finance Minister, Senator Mohammad Ishaq Dar at Finance Ministry today. The Chairman PAEC briefed the Finance Minister on financial aspects of the two nuclear power plants (Kanupp-2 and 3) with a combined capacity of 2,000MW to tackle the energy crisis.
The Finance Minister assured the Ministry’s full support for nuclear power generation projects. He said that nuclear plants will provide electricity at cheaper rates compared to power produced from thermal sources.
At present, the country is experiencing a widening gap between power supply and demand, leading to extensive outages that disrupt life and business and shaves three percentage points off economic growth annually, he added. Dr. Waqar Masood, Finance Secretary, Rana Assad Amin, Advisor to the Finance Ministry and Mr. Shahid Mehmood, SA to FM were also present in the meeting.
For more information, Contact:
Director General (Media)
Ministry of finance
Government of Pakistan
Room # 514, Block-’Q’, Finance Division,
Pak. Sectt. Islamabad
Phone: 92 51 9206382, 9211707