Image Credits - Ariana News
The Afghan Electricity Company (AEC) and Turkmenistan have formalized their partnership on the Turkmenistan-Afghanistan-Pakistan (TAP) project. The agreement was signed by AEC CEO Abdulbari Omar and Turkmenistan’s Energy Minister Anaguldy Saparov, marking a pivotal moment in the project’s progression.
The TAP project, a major infrastructure initiative to improve energy access and economic stability in South Asia, will see the construction of crucial facilities and the finalization of necessary documentation. The project is expected to play a transformative role in the region by facilitating the transportation of electricity from Turkmenistan to Pakistan via Afghanistan.
According to the press release from AEC, the project will generate significant employment opportunities, creating jobs for thousands of individuals. This influx of employment is anticipated to bolster local economies and provide vital economic support for communities involved in the project.
Moreover, Afghanistan stands to benefit financially from the TAP project through transit fees. The arrangement will provide the country with a steady revenue stream and enhance its role as a key energy transit hub in the region. The agreement highlights the potential of the TAP project to address energy shortages and promote economic growth across participating countries.
The signing of this agreement underlines Afghanistan’s and Turkmenistan’s commitment to advancing regional energy infrastructure. The collaboration between the two nations is poised to have lasting impacts, fostering economic development and energy security while strengthening regional ties. As the TAP project progresses, it is expected to bring tangible benefits to the involved countries and contribute to broader regional stability.