• publish: 7 November 2015
  • time: 11:28 pm
  • category: Economy
  • No: 2053

Afghanistan, Turkmenistan sign economic agreements

During a joint economic summit in Ashgabat, Afghanistan and Turkmenistan signed economic agreements to improve ties.

The agreements were in the areas of agriculture, transportation and telecommunications which were signed during their fifth joint economic summit in Turkmen capital Ashgabat.

The summit was attended by Finance Minister Eklil Hakimi, CEO of Da Afghanistan Breshan Sherkat (DABS) Abdul Razique Samadi, Energy and Water Minister Ali Ahmad Usmani, Transportation and Civil Aviation Minister Mohammadullah Batash and president’s advisor on economic affairs Dr. Humayon Qayyumi.

On the sidelines of the Summit, an agreement was signed between DABS and Turkmen Electricity Company.

Both sides signed the power purchase agreement for a 500 kilo volts transmission line which has the capacity to transfer up to 1000 megawatts of electricity.

In the initial stages, the transfer will be at 300 MW, according to a statement from DABS. from to the capacity of 1000 MW.

Running till 2017, the project will help address the power needs of capital Kabul, northern and southern Afghanistan.

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