Turkish "Çalyk Holding" invests $ 1.6 billion in Turkmenistan-Afghanistan-Pakistan power lines

Turkmenistan-Afghanistan-Pakistan (TAP) signed a Memorandum of understanding on the construction of a power transmission line in Kabul the day before the current Minister of energy and water of Afghanistan Mohammad Gulem Hulmi and the head of the Turkish company "Çalyk Holding" Ahmed Chalyk, reports news Agency ORIENT. The signing ceremony was attended by Afghan President Ashraf Ghani.

According to the Memorandum, the Turkish company will invest 1.6 billion us dollars in the construction of this power line. According to the project, Afghanistan and Pakistan will receive 1,000 megawatts of Turkmen electricity annually. In addition, its transit through Afghan territory will annually bring $ 100 million to Afghanistan, Hulmi said.

It is expected that the construction of the 500 kV transmission line, which will stretch for 750 km in Afghanistan – from turgundi in Herat to Spin Boldak in Kandahar, will be completed in three years.

As it was reported earlier, the Memorandum of understanding between the Ministry of energy of Turkmenistan and the company "Çalyk Holding" (Turkey) On cooperation in the implementation of the project of construction of Turkmenistan-Afghanistan-Pakistan was signed on January 31, 2018 in Ashgabat.

An intergovernmental agreement on the Turkmenistan-Afghanistan-Pakistan power line was signed between the governments of Turkmenistan, Afghanistan and Pakistan on 23 February 2018 during the ceremony of laying the Afghan section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, the Turkmenistan-Afghanistan-Pakistan fiber-optic communication line, as well as the commissioning of the new Serhetabat-turgundi railway. At the same time, a symbolic start was given to the construction of the power line TAP.

The agreement on the TAP project between the Ministry of energy of Turkmenistan and the Ministry of energy and water resources of Afghanistan was signed in Ashgabat on October 11, 2018. The document provided an opportunity for the technical groups of the two countries to start joint work on the implementation of this project.

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