Business
ADB Approves $ 415m Grant to Assist Afghanistan’s Energy Sector
“Insufficient energy supplies constrain growth and income opportunities that can fuel ethnic and regional tensions, as well as insecurity,” Asad Aleem, an energy specialist with the ADB, said in a statement.
ADB financing aims to install new power lines to help Afghanistan draw more electricity from its neighbors. One power line is expected to stretch from neighboring Turkmenistan all the way to the capital city, Kabul.
The regional lender is supporting Afghanistan’s target of increasing the electrification rate from 30 percent to just over 80 percent, while boosting the share of domestic energy generation from 20 percent to nearly 70 percent by 2030.