Contracts worth approximately four billion afghanis (AFN) were signed Sunday between the Ministries of Finance, Water and Energy, the power utility company Da Afghanistan Breshna Sherkat and the private sector.

The agreements were signed during a ceremony that was attended by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar and other senior officials.

The projects encompass the development of approximately 23 megawatts of solar power in Sarubi district, Kabul province, alongside the establishment of two substations in Herat province and the expansion of 220-KV power lines, Baradar’s office said in a statement.

Additionally, a commercial market in Kota-e-Sangi area of Kabul, and a mixed-use commercial and residential complex in Helmand are slated for construction.

“With an infusion of around 4 billion afghanis, these initiatives are poised to bolster the nation’s revenue streams and foster employment opportunities for hundreds of individuals,” the statement said.

Acting Minister of Energy and Water Abdul Latif Mansour said at the signing ceremony of the contracts that the world is interested in investing in Afghanistan.

“The investor that comes here sees the sincerity and transparency of the officials, and we see that with each passing day, investors come and invest in different sectors,” he added.

Zabiullah Mujahid, a spokesman of the Islamic Emirate, said on X that the agreements of two major electricity production and development projects which DABS signed is worth $43 million.

The construction of a solar power plant in Surobi district of Kabul will be completed in one year by 77 Turkish Construction Company and Zolaristan Afghani Company at a cost of $18.2 million, he explained.

The second project includes the construction of two mobile substations and the extension of a 220 KV power transmission line from Noorul-Jihad to Pol-Hashami substations, and is valued at $24.54 million. This is scheduled to be completed over a two-year period, Mujahid added.