President Ashraf Ghani met with Turkmenistan foreign minister Rashid Meredov
Arg and Meredov assured his country’s support for Afghan-led peace process, implementation of major economic projects and regional security.
This comes after Afghanistan, Pakistan and Turkmenistan signed an agreement for an electricity project on Wednesday.
President Mohammad Ashraf Ghani presided over the signing of Memorandum of Understanding for TAP (Turkmenistan-Afghanistan-Pakistan) transmission line with a Turkish company that will bring 1,000 MW of electricity and $100 million yearly to Afghanistan, as per the statement by Presidential palace.
The statement added that the transmission line stretches 750 km long within Afghanistan: from Torghundi, Herat to Spin Boldak. Then continuing on to Quetta. Çalık Holding, which is a Turkish company, has agreed to invest $1.6 billion on the project, as per the statement.
As per the MoU provisions, Afghanistan and Pakistan will both receive 1000 MW of electricity each from the project. Pakistan’s share of electricity (1000 MW) will be transmitted via Afghanistan to Pakistan through this line, and Afghanistan will receive $100 million annually from Pakistan.
The project will be completed in 3 years, the Presidential Palace statement has confirmed.