Code 128703
PublishDate: Thursday, September 20, 2018 02:33

IFC to Support New Solar Power Plant in Afghanistan

AVA- In Afghanistan, electricity consumption is among the lowest in the world with only about 28 percent of Afghans connected to the grid. Three decades of conflict have left the country’s power system battered, with the country importing up to 80 percent of its energy and frequent blackouts reaching up to 15 hours a day in some parts of the country. 
The Government of Afghanistan has an ambitious program to develop 2,000MW of solar power to boost the nation’s supply of electricity and will work with IFC on an initial 40 MW solar plant that will develop a new model for subsequent solar projects, helping the country more rapidly reach its 2,000MW goal.   
“This public-private partnership would play a pivotal role in helping provide access to more reliable and predictable electricity services that will have a positive impact on businesses and households in Afghanistan,” said Mohammad Humayon Qayoumi, Afghanistan’s Finance Minister. 
The agreement will see IFC’s PPP advisory experts supporting the government to design and competitively tender the project, helping


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