ADB committed in financing the Turkmenistan-Afghanistan-Pakistan (TAP) power project that will run alongside the key TAPI gas pipeline
The TAP project will run alongside the key TAPI gas pipeline that traverse a large section of Afghanistan to Pakistan and then India. Asian Development Bank (ADB) country director for Afghanistan Samuel Tumiwa has said the bank is committed in financing the Turkmenistan, Afghanistan and Pakistan (TAP) power project. He said that the economic cooperation will also help to enhance partnerships and improve stability in the region. “The Asian Development Bank is committed to financing TAP. We have put aside some money to finance it. Asides from the benefits from greater electrification, it is also good economic cooperation between the countries. So when we have good economic cooperation between the countries, the case is so strong that everything else, security issues and political issues get sidelined and you get good cooperation between these countries which will bring stability in the region,” he said.
TAP 500 kV Power Project (Turkmenistan, Afghanistan and Pakistan) is one of the most important regional energy projects. The memorandum of understanding for the project was signed in December 2015 between Turkmenistan, Afghanistan and Pakistan. TAP is a 500-kV transmission line project which falls under the framework of Central Asia Regional Electricity Market (CASAREM). TAP and TAPI are separate projects but will have the same routing.