Turkmenistan opens plant to ship power to Afghanistan

Image
AP Ashgabat
Last Updated : Sep 09 2018 | 3:40 PM IST

Turkmenistan has inaugurated a large gas-powered electricity plant that is expected to sell about 3 billion kilowatt-hours of power a year to Afghanistan and Pakistan.

The Saturday start of the plant near Mary in the Central Asian nation's southeast was reported by state television.

The USD 1.2 billion plant is part of Turkmenistan's efforts to diversify away from the natural gas exports on which the country's economy overwhelmingly depends.

Turkmenistan's economy suffered severely when Russia stopped buying its gas. Its diversification efforts include the May opening of a new port on the Caspian Sea, and it is building a pipeline to ship gas to new customers in Afghanistan, Pakistan and India.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 09 2018 | 3:40 PM IST

Next Story