Afghanistan secures ten billion dollars to distribute thousands of Megawatts of electricity

(MENAFN) Afghanistan’s Taliban-led administration finalized a $10 billion agreement aimed at producing, transmitting, and distributing 10,000 megawatts of electricity. The deal was formalized through a memorandum of understanding (MoU) between the Ministry of Water and Energy and Azizi Energy Private Company, according to a statement from the Deputy Prime Minister for Economic Affairs.

The agreement is expected to enable Afghanistan to become fully self-sufficient in electricity production within 7 to 10 years, with plans to eventually export surplus power to neighboring countries. Additionally, the initiative is anticipated to generate employment opportunities for millions across the country.

This deal stands as one of the largest since the Taliban assumed control in August 2021. Azizi Energy’s CEO, Mirwais Azizi, said the company will harness various energy sources—including gas, coal, hydro, wind, and solar—across multiple regions in Afghanistan to achieve the target capacity. The project’s design phase is projected to be completed within six months, with an initial rollout focusing on generating between 2,000 and 3,000 megawatts.

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