An agreement was signed for Turkmenistan, Afghanistan, and Pakistan (TAP) power transmission in capital Kabul today.

The Office of the President, ARG Palace, in a statement said the agreement was signed in the presence of President Mohammad Ashraf Ghani and other senior government officials between the Ministry of Energy and Water and Calik Holding.

The statement further added that the transmission line will have a length of 750 kilometers from Torghondi port to Spin Boldak in Kandahar.

According to ARG Palace, Calik Holding will invest up to 1.6 billion US Dollars on TAP power transmission line which includes 500kV transmission line and two circuits with a capacity of 2000 megawatts as well as construction of 500kV substations in Afghanistan and Turkmenistan.

The capacity of the transmission line for Afghanistan has been considered at 1000 megawatts which would be completed over a period of three years, ARG Palace said, adding that 1000 megawatts of electricity would be transmitted to Pakistan that would produce up to 100 million US Dollars in transit fees for Afghanistan besides receiving the required electricity for domestic needs.