Islamabad, May 17, 2012 (PPI-OT): A meeting of the Inter Governmental Council for CASA-1000 Project was held at Dubai on May 16-17 , attended by the Ministers of Energy of four member countries i.e Afghanistan, Kyrgyzstan, Pakistan and Tajikistan.
The meeting was also attended by the representatives of World Bank, USAID, Islamic Development Bank, International Finance Corporation and other financial institutions. Very important decisions were made for moving this project ahead for implementation.
These decisions were with respect to project structure, appointment of Executive Director for the Secretariat, rolesand responsibilities of Country Working Groups to move the project ahead, various financing options for the project and all other important issues to speed up implementation of the project.
All the member countries reiterated their full commitment to the project. World Bank, Islamic Development Bank also expressed their full commitment for financing of the project. A delegation from Russian Federation also made presentation, reiterating their desire to provide 500 million US Dollars for this project.
At the end of meeting, protocol was signed by the Energy Ministers of the four countries.
Syed Naveed Qamar, Minister for Water and Power, government of Pakistan signed from Pakistan side. While addressing in the final session he said that CASA-1000 Project is very important for Pakistan as there is energy crises which has hitted country’s economy and even the lives of common man. It will provide 1000 MW to Pakistan at a very competitive price. So implementation of this project will open new eras of prosperity to all the countries in the region.
It wil bring tremendous social ansd economic development in the lives of people of both the Central Asian and South Asian Regions and will open new eras for the prosperity and development in the region. He thanked all the ministers and participants for cooperating each other to expedite the project.
It will also establish a Transmission Line Link between Central Asian Countries and South Asian Countries. In the first phase this link will provide 1000MW power to Pakistan, but in the subsequent phases 5000 to 6000 MW power could be tapped from Central Asian Countries to Pakistan. Uzbekistan and Turkmenistan has also offered Pakistan their intent to export their surplus power to Pakistan.
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