Russia Offers to Invest $500 million in Central Asian Electricity

tolonews


The Russian Prime Minister, Vladimir Putin has offered to invest "at least $500 million" in a Central Asian electricity project that will provide energy to Afghanistan and Pakistan.

The Premier made the offer at a one-day meeting of Prime Ministers of the Shanghai Co-operation Organisation held in St.Petersburg on Monday.

"Russia is willing to commit at least $500 million into this project."We could implement this project in a fairly short time and we propose intensifying work in this direction," Mr Putin said.

Under the Central Asia-South Asia Electricity Trade and Transmission Project, CASA 1000, hydropower-rich Kyrgyzstan and Tajikistan will export 1,000MW of electricity to power-deficit Afghanistan and Pakistan.

CASA-1000 is one of the projects that may be undertaken by a proposed energy club of the Shanghai Co-operation Organisation.



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