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Bayat Company Invests $250m in Construction of Power Plant in Jawzjan

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(Last Updated On: October 24, 2022)

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The Government of Afghanistan and the Bayat Power Group (BPG) signed a contract worth $250 million for generating 192MWs of electricity using natural gas reserves in northern Jawzjan province on Monday at the Presidential Palace.

The contract was signed between the Energy and Water Minister Ali Ahmad Usmai on behalf of Afghan government and Engineer Ehsanullah Bayat, the Chairman of Bayat Group of Companies at Kabul attended by President Mohammad Ashraf Ghani.

According to the officials the project would be completed in three phases. In the first phase 50MW of power would be produced, in the second phase 100MW and in the last phase it is expected to produce 192MW of power.

“Based on this contract, a major project for generating electricity from natural gas is going to be constructed in the city of Sheberghan, the capital of the historical province of Jawzjan,” Eng. Ehsanullah Bayat, the Chairman of Bayat Group said,” the initial productivity capacity of this project is 52MW which will be implemented in a period of 4 up to 6 months in normal situation after the final contract signed with the Ministry of Energy and Water and Breshna Company.”

Mr. Bayat also added that this is the first project in its kind in Afghanistan’s history which will help the country toward energy independence.

At the same time, Energy and Water Minister Hakimi said according to the MoU signed the Company is responsible to provide the latest and newest technology for producing of electricity using the natural gas in a period of three months and provide electricity to Breshna Company with a suitable price.

The proposal could be evaluated by the authorities concerned, the minister added.

In the first phase of the project about $14 million would be added to the Government’s treasury and in the next stages the Government revenue would increase from $50 million to $100 million.

In addition, the project will create 200 direct job opportunities to Afghans and the number will get higher as the project expands for a period of 20 years.

Afghan lawmakers and Afghans welcome signing of the project and declaring it as an important step towards boosting economy and best alternative against the imported electricity from neighboring countries.

Reported by: Ali Asghari

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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