China to fund all Pakistan energy projects

China and Pakistan are set to conclude another US$10 billion worth of deals, which include energy projects in Pakistan.

Pakistani Information Minister Qamar Zaman Kaira said the countries signed 13 agreements and memorandums of understanding on Friday in fields ranging from energy to railways, from reconstruction to agriculture and culture.

Kaira said China had promised to fund “all the energy projects of Pakistan,” which he termed a major breakthrough. Pakistan suffers from a debilitating energy crisis and produces only 80 per cent of the electricity it needs.

China is also expected to build a one-gigawatt nuclear power plant as part of Pakistani plans to produce 8,000 megawatts of electricity by 2025 to make up its energy shortfall.