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China intends to invest in coal-fired power projects in Afghanistan: DABS
China’s Chamber of Commerce representative has met with Mohammad Hanif Hamza, the CEO of Da Afghanistan Breshna Sherkat in Kabul to discuss investment in the energy sector in the country.
DABS said in a series of tweets on Thursday that China intends to invest in the production of 500 megawatts of electricity from coal in Afghanistan.
The Chinese official said China has experience in producing electricity from coal in eleven countries around the world, and that they are ready to install technical equipment and teams in Afghanistan.
Hamza said that the joint technical delegations of both sides will discuss and exchange opinions on all matters and then they will present the results to the leadership of the Islamic Emirate of Afghanistan.
The head of DABS has assured the representative of China that they are ready to cooperate in providing any facility for investment in the electricity production sector in Afghanistan.
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Afghanistan suspends 7 private universities for one year, revokes licenses of 2 others
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Russia eyes railway route via Afghanistan as alternative to Strait of Hormuz
Russia should explore establishing a railway route to the Indian Ocean through Afghanistan to reduce risks associated with the Bosphorus and Strait of Hormuz, Russian Deputy Prime Minister Marat Khusnullin said.
Speaking in an interview with TASS, Khusnullin said alternative rail routes could pass through Turkmenistan, Iran, Afghanistan and Pakistan before reaching India.
“A rail link to the Indian Ocean should also be explored,” Khusnullin said. “Risks related to the Bosphorus and the Strait of Hormuz might require alternative routes: through Turkmenistan, Iran, Afghanistan, and Pakistan. Any options providing access to India are acceptable.”
The proposal comes amid concerns over the security and reliability of shipping through the Strait of Hormuz following the escalation of tensions involving the United States, Israel and Iran.
The Strait of Hormuz is a major global energy route, through which a significant share of the world’s oil and liquefied natural gas shipments passes.
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Foreign companies eye investment in Afghanistan’s electrical equipment industry: DABS
Officials of Da Afghanistan Breshna Sherkat (DABS) say several major companies from neighboring countries, including Russia, are interested in investing in the production of electrical equipment in Afghanistan.
The officials added that Afghanistan has the capacity to attract millions of dollars in investment in the production of electrical equipment.
According to DABS officials, a large portion of the equipment required by Breshna is purchased from neighboring and other countries, and increasing domestic production could reduce the country’s reliance on imports to some extent.
Meanwhile, private-sector representatives said investment in the production of electrical equipment is a serious need. They stressed that investment in the development and production of electrical equipment should be accelerated to reduce imports and increase domestic production.
They said the move would not only reduce reliance on imports but also create employment opportunities for thousands of people.
Economic analysts also said that, alongside electricity generation, investment in the production of equipment used for electricity generation and transmission should be increased. This would allow domestically produced electrical equipment to enter the local market and help reduce imports of foreign products.
Currently, electrical equipment is imported into Afghanistan from various countries, including China, Iran and Turkey.
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