$12M Deal Inked In Support Of Kajaki Dam
Date
10/14/2024 4:14:36 AM
(MENAFN- Pajhwok Afghan News)
KABUL (Pajhwok): Da Afghanistan Breshna Sherkat (DABS), Afghan Mili Bank, and Kajaki Electricity Production Company have entered into a financial assistance agreement worth $12 million.
In a post on X, the power utility announced the agreement was signed by DABS CEO Dr Abdul Bari Omar, the Chairman of the Executive Committee of the Afghan Mili Bank, DrShakirJalali, and his counterpart from Kajaki Electricity energy Production Company, BurakAnsal.
According to DABS, Afghan Mili bank will provide financial support for the Kajaki Dam project through a sale and purchase agreement structured as a Murabaha contract.
This financial support will be extended over a period of five years to bolster the private sector's involvement in the project.
hz/sa/mud
MENAFN14102024000174011037ID1108775323
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.