AGL 40.08 Increased By ▲ 0.08 (0.2%)
AIRLINK 131.50 Increased By ▲ 1.97 (1.52%)
BOP 6.88 Increased By ▲ 0.20 (2.99%)
CNERGY 4.53 Decreased By ▼ -0.10 (-2.16%)
DCL 8.82 Decreased By ▼ -0.12 (-1.34%)
DFML 42.10 Increased By ▲ 0.41 (0.98%)
DGKC 83.60 Decreased By ▼ -0.17 (-0.2%)
FCCL 32.94 Increased By ▲ 0.17 (0.52%)
FFBL 77.00 Increased By ▲ 1.53 (2.03%)
FFL 11.90 Increased By ▲ 0.43 (3.75%)
HUBC 109.97 Decreased By ▼ -0.58 (-0.52%)
HUMNL 14.28 Decreased By ▼ -0.28 (-1.92%)
KEL 5.50 Increased By ▲ 0.11 (2.04%)
KOSM 8.24 Decreased By ▼ -0.16 (-1.9%)
MLCF 39.30 Decreased By ▼ -0.49 (-1.23%)
NBP 64.94 Increased By ▲ 4.65 (7.71%)
OGDC 197.99 Decreased By ▼ -1.67 (-0.84%)
PAEL 25.91 Decreased By ▼ -0.74 (-2.78%)
PIBTL 7.71 Increased By ▲ 0.05 (0.65%)
PPL 157.25 Decreased By ▼ -0.67 (-0.42%)
PRL 26.09 Decreased By ▼ -0.64 (-2.39%)
PTC 17.96 Decreased By ▼ -0.50 (-2.71%)
SEARL 81.90 Decreased By ▼ -0.54 (-0.66%)
TELE 8.09 Decreased By ▼ -0.22 (-2.65%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.75 Decreased By ▼ -0.31 (-3.42%)
TREET 16.80 Decreased By ▼ -0.67 (-3.84%)
TRG 59.26 Decreased By ▼ -2.06 (-3.36%)
UNITY 27.70 Increased By ▲ 0.27 (0.98%)
WTL 1.45 Increased By ▲ 0.07 (5.07%)
BR100 10,618 Increased By 211.3 (2.03%)
BR30 31,663 Decreased By -50.1 (-0.16%)
KSE100 99,125 Increased By 1797 (1.85%)
KSE30 30,881 Increased By 689 (2.28%)

Ex-Soviet republic Kyrgyzstan on Friday inaugurated a Chinese-financed power line officials say will bring energy independence to the country, one of the many projects Beijing has sponsored in the region. The 450-kilometre Datka-Kemin power line is expected to save Kyrgyzstan millions in transit fees, as its electricity will no longer pass through neighbouring Uzbekistan and Kazakhstan.
"We are witnessing a historic event," Kyrgyz President Almazbek Atambayev said at the power line's inauguration in the provincial town of Kemin. "Workers in the energy sector, especially veterans, are well aware of this. Today we can say that Kyrgyzstan gained energy independence."
In the Soviet era, the electrical grids of Central Asia republics were unified, meaning that as much as one third of Kyrgyzstan's domestically-produced energy transited through Uzbekistan and Kazakhstan before returning to the country. The $390 million deal to build the power line was struck with the Chinese Tebian Electric Apparatus Stock Company (TBEA) in 2010.
China's economic influence in Central Asia has grown tremendously in the last decade, surpassing its traditional partner Russia in regional trade and encompassing deals worth tens of billions of dollars with energy-rich Kazakhstan, Turkmenistan and Uzbekistan. China, to which Kyrgyzstan owes more than $1 billion in external debt, is also financing a number of other key projects in the resource-poor country.
In June, Beijing allocated $300 million in credit to help Kyrgyzstan build a North-South road across its territory. Since the mid-1990s China has pledged to build a railway up to 300 kilometres-long linking its restive western Xinjiang region to Uzbekistan via Kyrgyzstan. The railway -- which would cost over $2 billion -- is opposed by many in Kyrgyzstan, who argue it could lead to overwhelming migration from the country's 1.3 billion-strong neighbour and add to growing dependence on Beijing. These projects complement Beijing's Silk Road Economic Belt, a vision of massive investments in infrastructure and trade links across Eurasia to increase its heft in the vast region.

Copyright Agence France-Presse, 2015

Comments

Comments are closed.