World Bank Approves $52.5 Million Grant For Afghanistan Gas Project

The World Bank’s Board of Executive Directors has approved a $52.5 million grant for the Afghanistan Gas Project that will provide sustainable supply of natural gas to independent power producers in Northern Afghanistan.

The World Bank in a press release said that this project is one element of the World Bank Group’s broader support for improved energy access in Afghanistan, as part of an ongoing commitment to help developing countries extend access to reliable, affordable and sustainable energy for their citizens.

“By investing in critical gas infrastructure and developing a strong foundation for good governance in the gas sector, the project will improve Afghanistan’s energy supply, which is currently critically low, and contribute to poverty reduction,” said Henry Kerali, World Bank Country Director for Afghanistan.

The press release said that the Ministry of Mines and Petroleum will lead the overall implementation of the project in close coordination with other government agencies, including the Afghanistan Gas Enterprise, and the Afghanistan Oil and Gas Regulatory Authority.

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Latest from Newsfeed; Wednesday, November 27 2019