Pakistan, Afghanistan sign electricity transit fee accord

Islamabad: Pakistan and Afghanistan have signed electricity transit fees agreement for energy trading between Central and South Asia. The agreement was signed during the Annual Meetings of the World Bank and IMF in Washington DC by Finance Minister Ishaq Dar and his Afghan counterpart Omar Zakhilwal.

The agreement will help establish the commercial arrangements for 1,300 MW of sustainable regional electricity trade between Kyrgyz Republic, Tajikistan, Afghanistan and Pakistan as part of the Central Asia South Asia KASA Electricity Transmission and Trade Project.

Afghan Finance Minister on this occasion said his country is ready to realize CASA-1000 vision and improve energy security and trade for the two countries and region. The project would build upon existing power generation stations that will provide the energy to be traded over CASA-1000.

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