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Turkish firm to invest $1.6bn on Turkmenistan-Afghanistan-Pakistan power project

07 Nov 2018 1TV News

به دری بخوانید2018-11-07 | 45 minute ago

A Turkish company agreed Wednesday to invest $1.6 billion on an electricity transmission project involving Turkmenistan, Afghanistan and Pakistan.

The memorandum of understanding was signed between Afghanistan’s acting minister of energy and water, Mohammad Gul Khulmi, and head of Calik Holding company, Ahmad Calik at a ceremony in Kabul that was presided by President Ashraf Ghani.

Afghanistan and Pakistan will receive 1,000 megawatts of electricity annually from the project. Additionally, Afghanistan will also receive $100 million annually in transit, the minister said.

Construction of the 500kv power line, which will cover 750km in Afghanistan, is expected to be completed in three years.

The company’s head emphasized on the importance of the project for the three countries, saying it would soon begin work on it.

In Afghanistan, the line will begin from Torghundi in Herat and end in Spin Boldak, Kandahar.

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