Framework agreement for TAP interconnector project signed

A framework agreement for a proposed electricity interconnector between Turkmenistan, Afghanistan and Pakistan (TAP) has been signed. The TAP Power Interconnection Project aims to pave the way for the delivery of long term power supply, supporting Afghanistan’s energy needs and enabling power trade and exchange between the three countries. The project will include the construction […]

$200m initial investment for South Asian gas pipeline

An initial investment of $200 million (£140m) has been agreed to build a gas pipeline in South Asia. The deal between Turkmenistan, Afghanistan, Pakistan India and the Asian Development Bank (ADB) will help develop the 1,600-kilometer pipeline in three years. The Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline is expected to transport up to 33 billion cubic meters of […]

Afghanistan’s energy sector receives $1.2bn

Afghanistan will receive a grant worth $1.2 billion (£0.78bn) to improve its energy sector. The cash aims to support projects in the country which boost energy supply, cross border trade and improve the power sector’s efficiency. The Asian Development Bank (ADB) is providing the fund which will be given in tranches until 2025. Afghanistan’s reliance on […]

London Olympics power supplier warns of lower revenues

Temporary power provider Aggreko saw a drop in shares warning the business outlook next year is “particularly uncertain”. The firm – which provides power for major sporting events, the armed forces and after natural disasters – said its shares tumbled by one-fifth and expects profits to fall next year. The company, which rents out temporary […]

China explores Afghan oil

China’s state oil firm is reported to have signed a deal to explore Afghanistan oil. According to media reports, China National Petroleum Corporation (CNPC) is to develop three blocks with the potential for 87 million barrels in the war-torn state with local partner Watan Group from October 2012.

Beware of risk factor in race for oil

Companies planning to exploit oil and gas in countries where conflict is an everyday occurrence aren’t fully thinking about the risks, a security advisor has warned the industry. With firms looking further afield to find prized fossil fuels, risks cannot be ignored, said James Hopkinson of Blue Hackle, which operates in higher risk locations like […]