AGL 40.06 Increased By ▲ 0.05 (0.12%)
AIRLINK 128.70 Increased By ▲ 1.70 (1.34%)
BOP 6.77 Increased By ▲ 0.08 (1.2%)
CNERGY 4.73 Increased By ▲ 0.22 (4.88%)
DCL 8.65 Increased By ▲ 0.01 (0.12%)
DFML 41.00 Decreased By ▼ -0.04 (-0.1%)
DGKC 85.80 Increased By ▲ 0.19 (0.22%)
FCCL 33.15 Increased By ▲ 0.04 (0.12%)
FFBL 66.46 Increased By ▲ 0.36 (0.54%)
FFL 11.48 Decreased By ▼ -0.07 (-0.61%)
HUBC 111.00 Decreased By ▼ -0.11 (-0.1%)
HUMNL 14.75 Decreased By ▼ -0.07 (-0.47%)
KEL 5.11 Decreased By ▼ -0.06 (-1.16%)
KOSM 7.73 Increased By ▲ 0.07 (0.91%)
MLCF 40.44 Increased By ▲ 0.23 (0.57%)
NBP 60.70 Increased By ▲ 0.19 (0.31%)
OGDC 194.62 Increased By ▲ 0.52 (0.27%)
PAEL 26.90 Increased By ▲ 0.18 (0.67%)
PIBTL 7.50 Increased By ▲ 0.13 (1.76%)
PPL 156.25 Increased By ▲ 2.46 (1.6%)
PRL 27.53 Increased By ▲ 1.32 (5.04%)
PTC 18.40 Increased By ▲ 1.22 (7.1%)
SEARL 86.30 Increased By ▲ 0.70 (0.82%)
TELE 7.75 Increased By ▲ 0.18 (2.38%)
TOMCL 34.50 Increased By ▲ 0.11 (0.32%)
TPLP 9.55 Increased By ▲ 0.73 (8.28%)
TREET 16.98 Increased By ▲ 0.16 (0.95%)
TRG 62.00 Decreased By ▼ -0.55 (-0.88%)
UNITY 27.48 Increased By ▲ 0.19 (0.7%)
WTL 1.32 Increased By ▲ 0.02 (1.54%)
BR100 10,186 Increased By 74.1 (0.73%)
BR30 31,395 Increased By 207.1 (0.66%)
KSE100 95,811 Increased By 815.1 (0.86%)
KSE30 29,715 Increased By 233.9 (0.79%)

DUSHANBE: A $1.2 billion western-backed project to build a power line between Central Asia and South Asia has been stalled by turmoil in Afghanistan, a project official told Reuters on Friday. The CASA-1000 project aims to allow Tajikistan and Kyrgyzstan, former Soviet republics with an extensive network of hydroelectric power plants, to sell excess energy to Pakistan and Afghanistan in the summer months.

Faizali Samiyev, the head of the Tajik project implementation office, said work on the project, originally scheduled to be completed next year, continued in three countries, but not in Afghanistan.

While the World Bank, a key CASA-1000 backer, continues financing projects in Afghanistan, it has decided to focus on urgently needed education, agriculture, health and family programmes and bypass sanctioned Taliban authorities by disbursing the money through United Nations agencies and international aid groups.

Funding for the CASA-1000 project - which was designed to provide Pakistan with 1,000 megawatts (MW) of power and Afghanistan with 300 MW - has been suspended, Samiyev said.

CASA-1000: NTDC seeks $35m financing

“(We hope that) contacts will be established with the Afghan side and ways to implement the project will be worked out,” he said.

The project could be a boon for the two Central Asian nations which have excess power in the summer but suffer from shortages in the winter unless they can buy fuel or power from neighbours.

The United States was involved in financing the project when it was launched in 2016 as part of its New Silk Road initiative to integrate Afghanistan with Central Asia. Other project sponsors have included the Islamic Development Bank, the UK Department for International Development, and the European Bank for Reconstruction and Development.

Comments

Comments are closed.