Islamabad, March 17, 2015 (PPI-OT): Tajikistan would be able to provide 1000 megawatt Hydel power to Pakistan by the end of 2018; this was stated by the Ambassador of Tajikistan in Islamabad, Sherali S Janonov here on Tuesday at a local hotel on Tuesday. Speaking to the media Sherali said that CASA1 000 is very ambitious project and would be executed and completed in given time.
He said that this project would play a pivotal role in helping Pakistan to overcome its ongoing energy crisis. He said that the project, Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000), will help export 1,000 megawatts (MW) of clean energy to Pakistan at a price of 9.35 cents including all the charges.
He mentioned that Pakistan’s Minister for Water and Power Khawaja Muhammad Asif led the Pakistani delegation while Tajikistan delegation was led by Deputy Prime Minister and Afghan and Kyrgyz delegations were led by their respective energy ministers.
He explained that, although conceived long ago, the government took the initiative to expedite the project and convened a meeting of the Inter-Governmental Council of CASA-1000 in September 2013 in Islamabad that discussed various aspects of the project. Subsequent follow-up consultations led to the conclusion of the agreement in Istanbul.
The CASA-1000 project is expected to be completed by 2018 under the umbrella of the World Bank. Tajikistan’s share in the energy export will be 70%, while Kyrgyzstan will export 30%. Afghanistan will consume 300MW of the exported energy while Pakistan will receive 1,000MW electricity. It is hoped that the project will boost energy trade in the region that will lead to sustainable development of Pakistan and Tajikistan have cleared a key hurdle as they have reached an understanding on the price of electricity to be supplied by the latter.
The project, aimed at easing energy shortages in Pakistan and utilising surplus power in Tajikistan, has the backing of the United States and World Bank, which has approved millions of dollars in financing to execute the programme. Pakistan has been facing an energy crisis, which has disturbed normal and business life and erased 3% off economic growth every year. Aware of the gravity of the situation, the present government has pledged to tackle the shortages but it believes power outages will not end before 2018.
Replying a question he said that the power to Pakistan would be transmitted via Kabul and Jalalabad and then to Peshawar. He said that the World Bank has approved CASA-1000 project, offering $120 million, out of a total loan of $552 million, for laying transmission lines in Pakistan. Total cost of the project is estimated at $1.16 billion and remaining funds will be provided by the Islamic Development Bank and
other donors. Under the project, the Kyrgyz Republic and Tajikistan will export 1,300 megawatts of electricity to Pakistan and Afghanistan.
A major chunk of supplies will come to Pakistan and about 300MW will go to Afghanistan. He further said that Tajikistan after being disconnected from Central Asia’s energy grid has no other option but to sell surplus electricity in summer to South Asian countries. Regarding bilateral trade relations he said that during the last year both the countries have shown a growth of $100 million in two-way trade.
He said that Pakistani exporters should strive hard to promote their trade in Central Asia because India is trying hard to promote its trade in Tajikistan by holding exhibitions while Pakistan held only exhibition there and that too in 2004. He said that the resumption of air link between the two countries is need of the hour so that brotherly, friendly, social and religious ties could be further strengthened.
For more information, contact:
The Embassy of Republic of Tajikistan
House# 295, Street# 35
F 11/3, Islamabad 44000,
Phone: (0092) 051-2293462
Fax: (0092) 051-2299710