English | دری

Afghanistan hikes price of imported electricity by 25%

in Afghan Business

Afghanistan hikes price of imported electricity by 25%

Da Afghanistan Breshna Sherkat (DABS), Afghanistan’s national utility company, has hiked the price of imported electricity by 25%.

DABS spokesperson Waheedullah Tawhidi said the unprecedented rise in the value of US dollar against Afghani was the main reason behind the hike in electricity price.

“Afghanistan purchases electricity from Iran, Tajikistan, Uzbekistan and Turkmenistan in US dollars and sells it in Afghanistan in Afghanis. The difference in the currency exchanges rates caused a total loss of USD 17-18mn in loss,” said Tawhidi.

He also added that DABS suffered a loss of USD 2.5mn in the past winter as Taliban sabotaged a major power line in the northern province of Baghlan, cutting a supply of electricity from Uzbekistan to Kabul. The militants had destroyed one electricity transmission tower and damaged two others. As a result, every megawatt of electricity to Afghanistan costs about 9 cents.

Tawhidi said the new price policy only affected imported electricity and the electricity produced domestically.

It is worthwhile to mention that Afghanistan imports about 70% of its electricity from Turkmenistan, Iran, Tajikistan and Uzbekistan.



Related Articles

REPORT OF THE PUBLIC INQUIRY INTO THE KABUL BANK CRISIS

Kabul Bank, Afghanistan’s first private bank and the representative of the first experience of Afghans with formal banking structures, collapsed

Skateboarding-a tool for youth empowerment in Afghanistan

Skateboarding in a country surrounded by war? It doesn’t make sense, yet Skateistan achieves just that. Skateistan is a non-profit

Afghanistan, India and Iran to sign trilateral agreement on transit of goods next month

Afghanistan will soon be able to reach out to India through Chabahar port in southern Iran. An agreement to that

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.