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Baradar inaugurates $68 million wind and solar power projects in Herat

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Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar, on Saturday inaugurated two power generation projects in Herat province with an investment of approximately $68 million dollars.

In a statement released by the deputy PM’s office, these two projects include a wind power plant with a capacity of 43.2 megawatts and a solar power plant with a capacity of 5 megawatts.

Speaking at the inauguration ceremony, Baradar said: “Today, we are witnessing the inauguration of two major wind and solar power projects in Herat. This is considered a significant achievement in the expansion, modernization, and self-sufficiency of the country’s energy sector.”

He added that these projects will not only reduce Afghanistan’s reliance on imported electricity but will also provide opportunities for environmental protection, sustainable energy, and the promotion of modern technologies.

Baradar emphasized that Afghanistan has long been dependent on imported electricity, and a significant portion of the national budget is spent annually on purchasing it.

According to him, imported electricity is costly and not a reliable or beneficial solution in the long term.

He added that the Islamic Emirate is focused on the optimal utilization of domestic resources in the electricity sector and is making serious efforts in this regard.

He stated that these projects will not only enhance the country’s electricity generation capacity but will also pave the way for economic development, job creation, encouragement of domestic and foreign investment, and expansion of infrastructure.

Baradar reassured all domestic and foreign investors that IEA has created favorable conditions for investment across various sectors in Afghanistan, particularly in the energy sector, and has ensured a transparent and secure environment.

He also called on the contracting companies involved in the projects to execute the work in accordance with approved standards.

Over $64 million is being invested in the 43.2-megawatt wind power project, and approximately $3.5 million in the 5-megawatt solar power project by the private sector in partnership with Da Afghanistan Breshna Sherkat (DABS), the deputy PM’s office said.

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Afghani strengthens nearly 10% against US dollar amid banking sector reforms

The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.

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Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.

Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.

The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.

As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.

Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.

Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.

They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.

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Uzbekistan delivers over 290 tons of aid to Afghanistan

The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.

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Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.

The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.

The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.

Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.

Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.

The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.

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Turkmenistan, Afghanistan discuss steps to speed up land acquisition for TAPI pipeline

By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.

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Officials from Turkmenistan and Afghanistan have held talks aimed at accelerating land acquisition for the long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, according to Afghanistan’s Ministry of Agriculture, Irrigation, and Livestock.

The issue was discussed during a meeting between TAPI project head Murad Amanov, Afghanistan’s acting Minister of Agriculture, Irrigation, and Livestock Mullah Attaullah Omari, and Turkmenistan’s ambassador to Afghanistan Hoja Ovezov.

Amanov briefed Afghan officials on recent progress and emphasized the need to accelerate procedures related to land acquisition and the determination of land prices in line with the framework agreement signed by the four participating countries.

Meanwhile, vessels operated by the Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding, have begun transporting pipes for the project. The shipments are being carried from the Port of Baku to the Turkmenbashi International Seaport.

By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.

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