Turkish Chalyk Holding to invest $ 1.6 billion in power line Turkmenistan-Afghanistan-Pakistan

Turkish Chalyk Holding to invest $ 1.6 billion in power line Turkmenistan-Afghanistan-Pakistan

On November 7, a Memorandum of Understanding on the construction of the Turkmenistan-Afghanistan-Pakistan energy line (TAP) was signed in Kabul. The document was signed between the current Minister of Energy and Water of Afghanistan, Mohammad Gulm Hulmi and the head of the Turkish company Chalyk Holding Ahmed Chalyk at a ceremony with the participation of Afghan President Ashraf Ghani.

According to the memorandum, the Turkish company will invest $ 1.6 billion in the construction of a power line from Turkmenistan to Afghanistan and then to Pakistan.

Under the project, Afghanistan and Pakistan will receive 1,000 megawatts of Turkmen electricity annually. And its transit will also bring to Afghanistan $ 100 million a year in the future, Hulmi said.

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

The signing of the Agreement on the TAP project between the Ministry of Energy of Turkmenistan and the Ministry of Energy and Water Resources of the Islamic Republic of Afghanistan took place in Ashgabat in October 2018.

The construction of the TAP transmission line was launched in February of this year at a ceremony of laying the Afghan section of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline (TAPI).