ISLAMABAD - *Asian Development Bank (ADB) country director for Afghanistan Samuel Tumiwa has said the bank is committed in financing the Turkmenistan, Afghanistan and Pakistan (TAP) power project. *
He said that the economic cooperation will also help to enhance partnerships and improve stability in the region.
“The Asian Development Bank is committed to financing TAP . We have put aside some money to finance it. Asides from the benefits from greater electrification, it is also good economic cooperation between the countries.
So when we have good economic cooperation between the countries, the case is so strong that everything else, security issues and political issues get sidelined and you get good cooperation between these countries which will bring stability in the region,” he said.
Meanwhile, officials from the power supplying company Da Afghanistan Breshna Sherkat (DABS) have said that with the implementation of TAP project, people of certain areas lying on the TAP route will benefit from the electricity available through the project.
TAP 500 KV Power Project (Turkmenistan, Afghanistan and Pakistan) is one of the most important regional energy projects in the energy sector. The memorandum of understanding for the project was signed in December 2015 between Turkmenistan, Afghanistan and Pakistan.
The project aims to transfer electricity from Turkmenistan to Pakistan through Afghanistan.
One of the TAPI projects is the 500KW electricity project in Afghanistan, which starts at the secondary-station of the region (Mari) in Turkmenistan and will run through to Turghundi port to Herat province and after crossing the provinces of Farah, Nimroz, Helmand and Kandahar, it will run to Pakistan.
The project will also include a natural gas transfer project, railway line and fiber optic project which will pass through TAPI pipeline corridor.
According to DABS, the financial expenditure on the Afghan section of the project will cost an estimated $70 million USD.