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$1.160b project to be financed by WB, ADB, IDB: Tajikistan to help fight electricity crisis: Ambassador

byCustoms Today Report
28/02/2015
in Business
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ISLAMABAD: Tajik Ambassador in Pakistan Sher Ali Jononov said Tajikistan was preparing to export sizeable quantity of electricity to Pakistan to eradicate loadshedding in the country, and wanted to enhance bilateral trade with Pakistan.

Meeting with President of Pakistan Economy Watch Dr Murtaza Mughal, he also invited business community to visit his country to explore investment opportunities and organise trade exhibitions.

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Sher Ali Jononov said Pakistanis were hardworking and highly gifted people and future of this country was very bright. The energy sector of Tajikistan had been showing sustainable growth for the last 15 years transforming his country into world’s third largest producer of hydroelectric power after United States and Russia, he added. Hydroelectric generation accounts for 76 percent of the total energy output of the country and the total estimated cost of the project which would lighten Pakistan through Tajik electricity has been estimated at $1.160 billion, which would be financed by World Bank, Asian Development Bank, Islamic Development Bank and other donors.

He said Central Asia South Asia 1000 project is major electricity transfer projects which will transfer 1,300 megawatts to Afghanistan and Pakistan and any change of plans may delay the project.

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