Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Afghanistan

ADB pledges $150m for energy project

byCT Report
04/11/2017
in Afghanistan
Share on FacebookShare on Twitter

 

KABUL: The Asian Development Bank has pledged to donate $150 million USD for the power transmission line from Turkmenistan to Pakistan through Afghanistan.

You might also like

Afghanistan’s Economic Growth Expected To Reach 3.3% In 2020

04/02/2020

Afghan Parliament Approves 2020 Fiscal Year’s Budget

23/01/2020

Officials from the bank said they will provide technical assistance as well as financial assistance to the three countries.

“Next year, the ADB hopes to provide support for TAP which is an energy transmission line and connects Turkmenistan, Afghanistan and Pakistan … Currently, ADB is the largest on budget development partner to Afghanistan. We work in collaboration with other development partners,” Linda Arthur, head of portfolio unit at the Asian Development Bank, said.

The Turkmenistan-Afghanistan-Pakistan power line transmission project will transfer at least 2,000 megawatts of power in the first phase.

According to the De Afghanistan Breshna Sherkat, the country’s electricity provider, Afghanistan will receive at least $200 million USD in transmission rights every year.

The agreement for the project will be signed between relevant ministries of the three countries at the upcoming RECCA conference in Ashgabat, Turkmenistan, the head of the Breshna, Sherkat Amanullah Ghalib, said.

“Our plan is to create a ring (of power transmission lines) in Afghanistan in order to increase the safety of the energy. The TAP project is managed by the Asian Development Bank. And meanwhile, this project has the support of NATO, the Asian Development Bank and the European Union,” Ghalib said at a conference on Tuesday.

The transmission line will pass through western and southern provinces of Afghanistan.

 

Related Stories

Afghanistan’s Economic Growth Expected To Reach 3.3% In 2020

byadmin
04/02/2020

According to a World Bank report, Afghanistan’s economy has grown by 2.9% in 2019 and is expected to reach 3.3%...

Afghan Parliament Approves 2020 Fiscal Year’s Budget

byadmin
23/01/2020

The Afghan parliament approved the coming fiscal year’s budget plan. It gained a majority of votes just ahead of the...

Afghan Government Receives Over $11mn In Revenues from ATRA

byadmin
14/01/2020

The Afghanistan Telecom Regulatory Authority (ATRA) has transferred 878 million Afghanis ($11.3mn) to the special account of the Ministry of...

Govt Spends Extra 1.6 Billion Afs From Code 91: Commission

byadmin
30/12/2019

The government spent 2.6 billion Afghanis from Code 91 this year, but only 1 billion Afghanis was supposed to be...

Next Post

Turkey core inflation hits its highest level in 13 years

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.