Features

Grants for Energy and Transport Projects in Afghanistan Signed

Afghanistan will receive around $436 million in grants from the Asian Development Bank (ADB). Three grant agreements for energy and transport projects were signed by Finance Minister Omar Zakhilwal of the Islamic Republic of Afghanistan and ADB Country Director Joji Tokeshi of the Afghanistan Resident Mission.

Securing Power Supply in Uzbekistan’s Fergana Valley

The $288 million Namangan 500-Kilovolt (kV) Power Transmission Project will enhance reliability of the power supply to Uzbekistan's Fergana Valley.

CAREC region has favorable growth, but policy challenges remain

CAREC countries, excluding the People's Republic of China (PRC), will continue to post a solid recovery in 2013, based on the “Outlook for the Global Economy and CAREC Countries” presentation of the International Monetary Fund (IMF) at the 11th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC) on 30 October 2012.

The Wuhan Action Plan charts the path of the CAREC Program

In October 2012, Ministers of Afghanistan, Azerbaijan, the People’s Republic of China, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan endorsed the Wuhan Action Plan. The Action Plan will guide the CAREC Program in implementing the CAREC 2020 strategic framework.

CAREC Ministers Issue Joint Statement to Support CAREC 2020 Implementation Plan

At the conclusion of the 11th Ministerial Conference on Central Asia Regional Economic Cooperation on 30 October 2012, CAREC Ministers lauded the progress the CAREC Program since 2001.

CAREC Ministers Endorse Wuhan Action Plan

Ministers of the 10 Central Asia Regional Economic Cooperation (CAREC) Program member countries endorsed the Wuhan Action Plan (Action Plan) at the 11th Ministerial Conference, held in Wuhan, People’s Republic of China (PRC).

Shardara Hydropower Plant Receives EBRD Loan for Modernization

The European Bank for Reconstruction and Development (EBRD) has allocated a loan of 9.15 billion tenge (€50 million) to finance modernization of the 100-megawatt Shardara hydropower plant in South Kazakhstan.

Ceremony Marks Construction of Kunduz–Taluqan Power Transmission Line

A groundbreaking ceremony in Takhar province marked the start of construction of the $27.8-million power transmission line linking the northern Afghanistan cities of Kunduz and Taluqan. The transmission line is being funded by Asian Development Bank’s (ADB) $164-million grant, the first tranche of a multitranche finance facility worth $570 million under the Energy Sector Development Investment Program.

The Kyrgyz Republic’s Power Sector Rehabilitation Project Receives $55 Million in ADB Funding

The Asian Development Bank (ADB) approved a $40 million grant and a $15 million loan to finance the Kyrgyz Republic’s $62 million Power Sector Rehabilitation Project. The government and electric power plants will provide $7 million. The Central Asia Regional Economic Cooperation (CAREC) Program will coordinate the project funding.

Energy in Afghanistan: Reliable On-Grid Power for Kabul

After years of darkness and air pollution caused by countless diesel generators, Kabul has reliable grid-supplied power, and initiatives are in motion to do the same for the rest of Afghanistan.