Categories: Afghanistan

Germany to invest afg 264m in Afghanistan

Monitoring Desk

KABUL: The Afghan-German Cooperation will invest 264 million Afghanis in support of the renewal energy policy of the Afghan government.

An agreement was signed in this regard between Afghan and German officials representing the Afghan Ministry of Energy and Water (MEW) and the Afghan-German Cooperation’s Energy Sector Improvement Programme (ESIP) with an aim to facilitate the implementation of the government’s renewable energy policy.

The Afghan-German Cooperation will invest about AFN 264 million until end of 2019, the Afghan-German Cooperation said in a statement.

The statement further added that Afghan government aims at increasing the country’s energy generation from currently 600 megawatts to 5,000 megawatts by 2032 to reduce import dependency. Then, domestic power generation from renewable energy sources, such as thermal and hydro energy, shall amount to 2,300 megawatts.

The director of the Afghan-German Cooperation’s Energy Sector Improvement Programme (ESIP), Mr Frank Fecher highlighted that the “The German government is committed to support the Afghan energy sector in reaching the set goals in terms of enhancing domestic electricity generation by renewable energy sources.”(Khaama Press)

The Frontier Post

Recent Posts

Turkiye tells US that Israel’s attack on Rafah unacceptable, Turkish source says

ANKARA (Reuters): Turkish Foreign Minister Hakan Fidan told his US counterpart Antony Blinken in a…

23 mins ago

Blinken says Israel needs a clear and concrete plan for Gaza’s future

KYIV (Reuters): Israel needs a clear and concrete plan for the future of Gaza where…

28 mins ago

India grants citizenship to first batch of 14 refugees under controversial law

NEW DELHI (Reuters): India granted citizenship on Wednesday to a first batch of 14 people…

41 mins ago

US will send an unofficial delegation as Taiwan’s president is sworn in

WASHINGTON (AFP): The United States will send a delegation of former officials to Taiwan next…

1 hour ago

Putin says better weapons key to Ukraine victory

MOSCOW (AFP): Russian President Vladimir Putin said Wednesday that more powerful and advanced weapons could…

1 hour ago

CM Punjab stresses quality education in govt schools

LAHORE (APP): Punjab Chief Minister Maryam Nawaz Sharif sought a monthly schedule for the five-year…

1 hour ago

This website uses cookies.