AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,605 Increased By 33.2 (0.39%)
BR30 26,904 Decreased By -371.6 (-1.36%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)

ISLAMABAD: World Bank is said to be considering different options to complete the “troubled” Central Asia-South Asia (CASA) 1000 project.

This was indicated by Hartwig Schafer, Vice President South Asia Region, to Secretary Economic Affairs Division, Mian Asad Haya ud-Din in response to his letter of January 16, 2022, to Axel van Trotsenburg, Managing Director for Operations at the World Bank.

The Central Asia-South Asia (CASA-1000) $1.2 billion project which will bring 1300 megawatts (MW) of seasonal power from Tajikistan and the Kyrgyz Republic to Afghanistan and Pakistan has been put on ice after Taliban took over.

A Joint Working Group (JWG), consisting of a high-level government representative from each of the four countries constituted to discuss the project constraints suggested that a meeting of JWG should be convened to seek clarity on the project’s future.

CASA-1000 project: NTDC MD anticipates one-year delay

“We share your concern regarding the importance of completing the implementation of the CASA-1000 transmission component in Afghanistan. This is critical for the project to function as an integrated transmission corridor across the four participating countries. Given the importance of the project in supporting regional economic development and in increasing the efficiency of power supply across the region, the World Bank remains committed to the Project. We are therefore exploring several options to ensure the continuation of the entire CASA-1000 project,” said Hartwig Schafer.

He also encouraged all member countries to continue with the current pace of implementation of the CASA-1000 project to achieve mutual benefits the project offers. The WB team will continue to support all countries, including Pakistan in achieving the project’s development objectives.

Copyright Business Recorder, 2022

Comments

Comments are closed.