English | دری

ADB pledges USD 1 billion to support Afghanistan’s energy sector

in Afghan Business

ADB pledges USD 1 billion to support Afghanistan’s energy sector

ADBAddressing the international academic seminar on Energy Security of Afghanistan and Region held in Kabul, Asian Development Bank (ADB) Country Director Joji Tokeshi said ADB had pledged USD 1 billion to finance Afghanistan’s energy sector.

“In the power subsector, generation (conventional and renewable), transmission (domestic and regional), and distribution (on- and off-grid) projects are proposed; while wells rehabilitation is proposed in the gas subsector,” said Tokeshi.

He said development of energy sector played a key role in transforming Afghanistan’s economy, addressing ethnic and regional issues, improving security and cutting poverty.

“Ensure the security of energy supplies, to ensure that energy is affordable for both domestic consumers and for businesses, to act as energy transit corridor linking energy rich Central Asian countries with energy starved South Asian economies and to ensure we reduce greenhouse gas emissions are some points that are necessary to meet objective of Afghanistan’s energy policy for which ADB is committed to provide assistance to Afghanistan,”

ADB was recently appointed as the transaction adviser for the Turkemnistan-Afghanistan-Pakistan-India gas pipeline.

ADB is helping the four nations put a credible consortium that would build and operate the line passing through volatile Afghanistan and Pakistan territories.

The US-backed USD 9 billion pipeline is likely to be completed by 2017-2018. The US supports TAPI project as a retaliation to the Iran-Pakistan-India gas pipeline that US perceives as a violation of the sanctions against Iran.



Related Articles

First half year of National Unity Government marked with economic stagnation

Afghanistan’s economy has shown a declining trend ever since the formation of the National Unity Government (NUG). The leaders of

China Becomes Russia’s Biggest Trade Partner

China became the biggest business partner of Russia with 24.5 percent increase in business transactions. Trade turnover between the two

Internship program for young women starts in Takhar province

An internship program for young educated women in the civil service of Takhar province was officially started today. The program

1 comment

Write a comment
  1. Akbar
    Akbar 5 December, 2013, 11:17

    Dear Wadsam,

    Correct me if I am wrong! There is one gas pipeline project which originating from Turkmenistan to India which the route for this pipeline project is Turkmenistan-Afghanistan-Pakistan-India. This project called TAPI-Gas Pipeline. On the other hand, there is another gas pipeline from Iran to Pakistan. This project called Peace Pipeline (see link). I think, there is confusion in the body of the above report which needs necessary changes.

    http://en.wikipedia.org/wiki/Iran%E2%80%93Pakistan_gas_pipeline

    Thank you and best regards,

    Reply this comment

Write a Comment

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

Time limit is exhausted. Please reload the CAPTCHA.