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US to invest USD 297 million on Afghanistan’s energy sector

in Afghan Business

US to invest USD 297 million on Afghanistan’s energy sector

Wahidullah Shahrani told a news conference in Kabul that the US would invest USD 297 million in establishing coal energy producing plants and iron-sulphur separation laboratories in addition to developing a gas field.

The US Overseas Private Investment Corporation (OPIC) and USAID would jointly spend USD 37million on reconstructing two gas wells and drilling another two in northern Jawzjan province.

Coal energy plants with a capacity of producing 200 megawatts of electricity would be established at a cost of USD 200 million.

The two agencies would also establish an iron-sulphur separation laboratory, which would cost USD 60 million, in Shiberghan.

The proposed laboratory would help reduce the amount of toxic sulphur that is released during its extraction process. The project is expected to be completed in April, 2015.

These projects are of great importance for the development of the country and a giant step towards achieving economic stability.

The project would ensure power supply to one million people and job opportunities to hundreds, said Deputy Secretary of State Thomas R Nides.



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