A Turkish company has shown interest to make an investment of $1.6bn on an electricity transmission line project. This project involves Pakistan-Afghanistan and Turkmenistan.
The memorandum of understanding was signed between the involved countries at a ceremony held at Kabul. The ceremony was attended by Mohammad Gul Khulmi—the acting minister of energy and water, Afghanistan and Ahmed Calik—the head of Calik Holding company. The ceremony was headed by Ashraf Ghani—the president, as per the reports of Pajhwok.
Both Afghanistan and Pakistan would be getting 1,000 megawatts of electricity yearly from this project. Also, Afghanistan would be getting $100 million per year in transit fee.
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The 500kv power line, which would be covering 750km in Afghanistan, is anticipated to be finished in the span of three years.
The line would be beginning in Afghanistan from Torghundi in Herat and would end in Spain Boldak—Kandahar.
The head of the Turkish company said that his company would first be submitting the financial and technical proposals within a timeframe of 6 months to the Ministry of Water and Energy.
An agreement between the three countries namely—Pakistan, Turkmenistan and Afghanistan on the project was signed back in 2015 in the month of December in Ashgabat—the capital city of Turkmenistan.
Recently a deal was signed between the Khyber Pakhtunkhwa Energy and Power Department and the South Korean firm for the making of a 496MW Hydel Power project. This project would be established via a Public-Private Partnership (PPP) mode.