Wednesday, May 29, 2024

USAID to invest $125 million on Gas-to-Power project in Afghanistan

Immigration News

Ahmad Shah Ghanizada
Ahmad Shah Ghanizadahttps://www.khaama.com
Ahmadshah Ghanizada is the deputy editor in chief for The Khaama Press Agency who manages and overlooks the English edition.

gas-to-power projectThe United States Agency for International Development (USAID) has pledged $125 million on gas-to-power project in Afghanistan.

USAID’s Sheberghan Gas Development Project (SGDP) is a four-year, $125 million initiative, a statement by USAID said.

The project seeks to kick start private investment in Sheberghan’s energy sector by drilling or rehabilitating
three gas wells; conducting a study to certify reservoir gas quantity, pressure, and quality; and by helping find seed money and know how to design, construct and operate a gas processing plant and 200 MW power generation plant near Mazar-i-Sharif.

Afghanistan’s first Gas-to-Power Symposium was also launched by USAID in cooperation with the Ministry of Mines and Petroleum on Sunday, as part of ongoing American support to energy sector of the country.

USAID, the U.S. Department of Commerce, and the Asian Development Bank organized the symposium to stimulate international private sector interest in the development of natural gas infrastructure in northern Afghanistan, particularly in gas processing and power generation.

Senior officials attending included Shafiqullah Shahrani from the Ministry of Mines and Petroleum and Mirwais Alami, Chief Commercial Officer of Da Afghanistan Breshna Sherkat (DABS), the national power utility.

“The United States Government is convening international and Afghan business leaders with Afghan Government officials to discuss business opportunities in an exciting new market,” said Roy Plucknett, USAID Deputy Mission Director.

Plucknett further added “This will help meet Afghanistan’s growing demand for power through the development of clean and efficient domestic energy resources.”

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