ADB commits US$4 million financing for 15.1 MW solar power plant in Afghanistan
The Asian Development Bank (ADB) has committed a US$4 million loan financing for the development of a 15.1 MW solar power plant in Afghanistan.
The solar plant is being developed through Barakat Kandahar Solar Energy (BKSE), a special purpose vehicle of Turkey’s 77 Construction, Contracting and Trading Group. The project was awarded by Afghanistan’s Ministry of Water and Energy in an auction to 77 Group.
Aside from the ADB financing, a US$3.85 million loan is complemented with financing sourced from the Canadian Climate Fund for Private Sector in Asia II (CFPS II).
Country updates
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May 28, 2019
ADB supports loan to a 15 MW solar project in Afghanistan
The Asian Development Bank (ADB) has signed a US$4 million loan with a special purpose vehicle and subsidiaries owned by the 77 Construction, Contracting, and Trading Group (77 Group), an internationa...
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September 19, 2018
IFC to support execution of 40 MW solar project in Afghanistan
IFC, a member of the World Bank Group, has signed a landmark agreement with the government of Afghanistan to design a 40 MW solar power plant that will more than double the country’s curren...
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April 03, 2018
Bayat Energy has received final approval to build the project
Bayat Energy has received final approval to build the project. The company has also signed a PPA with the government
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March 07, 2018
Agreement signed for 4000 MW Turkmenistan-Afghanistan-Pakistan transmission project
The Minister of Energy of Turkmenistan, the Minister of Foreign Affairs of Afghanistan and the Minister of State for Petroleum of Pakistan have signed a framework agreeme...
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February 19, 2018
Afghan government and private firms plan to build the solar farm
Afghan government and private firms plan to build the solar farm. Construction is expected to be completed in 12 months
