(MENAFN - Trend News Agency) Ashgabat, Turkmenistan, Feb. 9
By Huseyn Hasanov – Trend:
The work is underway to implement a project for the supply of Turkmen electricity along the Turkmenistan-Uzbekistan-Tajikistan-Afghanistan-Pakistan (TUTAP) route, Trend reports with reference to the Turkmenistan State News Agency.
In January, the State Bank for Foreign Economic Affairs of Turkmenistan signed an agreement with the Asian Development Bank (ADB) for a sum of $500 million for financing the project of modernization of the energy network of Turkmenistan.
Actively connecting Turkmenistan to a single Central Asian energy system plays an important role in opening up additional possibilities for the increase of the scope of supply of Turkmen electricity within the framework of the international "Turkmenistan – Uzbekistan – Tajikistan – Afghanistan – Pakistan" (TUTAP) project.
Earlier, Turkmenistan's Minister of Energy Charymyrat Purchekov presented the report on the implementation of the project for the construction of the Turkmenistan-Afghanistan-Pakistan power transmission line to Turkmen President Gurbanguly Berdimuhamedov.
In his report Purchekov said that the construction is being carried out according to the plan.
Besides, a memorandum of understanding on cooperation in the implementation of this project was signed with Turkish Calik Holding A.S. to develop a legal basis for regional partnership for the construction of a 500-kilovolt transmission line along the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
At the same time, an agreement on the Turkmenistan-Afghanistan-Pakistan power transmission line was signed between the governments of the countries participating in the project.
It was also reported that the total volume of electricity generated in Turkmenistan by 2024 is planned to increase up to 33 billion kilowatt-hours, which is 27.2 percent more compared to the plans for 2018. Turkmenistan sells electricity to Afghanistan and Iran.
Follow Trend on Telegram. Only most interesting and important news