Sunday, June 16, 2024

Drowning in Debt; Afghanistan Owes $28 Million to Tajikistan

Immigration News

Saqalain Eqbal
Saqalain Eqbal
Saqalain Eqbal is an Online Editor for Khaama Press. He is a Law graduate from The American University of Afghanistan (AUAF).

Da Afghanistan Breshna Sherkat (DABS) of Afghanistan owes Tajikistan $28 million for electricity, said Mohammad Omar Asuzada, the head of the national electricity company of Tajikistan, Barqi Tojik.

In a press conference on August 1, the Tajik energy official stated that transferring money from the DABS company to Barqi Tojik became challenging after the banks responsible for purchasing electricity came under sanctions.

Asuzada stated that “we have received $2 million in cash”, however, the outstanding balance remains at $28 million to be paid by DABS.

The Afghan company, DABS, “is working on the matter,” he further said.

In the first half of this year, according to the Barqi Tojik senior official, Tajikistan provided Afghanistan with more than 734 million kWh of electricity.

According to the Special Inspector General for Afghanistan Reconstruction (SIGAR), a monitor established by the US Congress, Afghanistan buys over 80% of its electricity at a yearly cost of above $220 million.

Due to the destruction of Afghan transmission lines in recent years, Afghanistan occasionally experienced interruptions in the provision of electricity.

This, however, comes as according to a statement from the Uzbek Energy Ministry, Afghanistan has paid off its substantial debt, amounting to millions of Dollars, to Uzbekistan for electric power imports.

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