AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,966 Increased By 1637.5 (1.68%)
KSE30 30,792 Increased By 599.8 (1.99%)

Gas-rich Turkmenistan on Saturday hailed the expansion of a Soviet-era power plant that it hopes will become a hub for electricity exports to Afghanistan and Pakistan. Speaking at a ceremony to mark the upgrade of the facility powered by gas and steam in the republic's southern Mary region, Turkmen leader Gurbanguly Berdymukhamedov said new capacities at the plant would allow the country to boost exports to "neighbouring countries".
The $1.2 billion expansion project would allow Turkmenistan to export an additional three billion kilowatt-hours per year to neighbouring countries, Berdymukhamedov said. An employee in the energy ministry, speaking on condition of anonymity, confirmed to AFP the cost of the expansion, carried out jointly by Turkish firm Calik Holding and General Electric.
Central Asian states are jockeying to supply electricity to potentially promising markets in Afghanistan and Pakistan. One project called CASA 1000, backed in part by the United States, would see electricity produced at hydropower plants in Kyrgyzstan and Tajikistan sent to the two countries.
For Turkmenistan, which sits on the world's fourth largest reserves of natural gas, electricity exports as well as trade and transit have assumed added importance as it struggles to find markets for its main export. Planned gas pipelines to Europe and India have been slow to materialise despite years of negotiations plagued by political and economic doubts, while major buyer Russia ceased importing Turkmen gas in 2016. Turkmenistan sliced a fifth off its manat currency in 2015 after the global hydrocarbons market dropped but black market estimations of the manat's value relative to the dollar are over six times lower than the official rate.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.