English | دری

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.



Related Articles

World Bank Chief focuses on eliminating poverty

World Bank Chief Jim Yong Kim, who took over the position at the World Bank last year, has set out

Afghan mining inspectors receive training in Iran

Ten mining inspectors from the Ministry of Mines and Petroleum (MoMP) received certificates for their successful completion of a two

Afghanistan, Pakistan back ‘Beyond Boundaries Project’

The Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) has pledged all-out support for Phase II of the ‘Beyond Boundaries

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Your e-mail address will not be published.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.