An MOU signed for building of the Shabarghan Gas Power Plant

In order to meet the needs for power in Mazar-e-Sharif,  a memorandum of understanding (MOU) was signed on 13/5/2015  between the Ministry of Mines and Petroleum- MoMP-, Ministry of Water and Energy –MoWE-, Ministry of Finance –MoF-, and DA Afghanistan Breshna Sherkat (DABS) and Ghazanfar Group, for building of a power plant.

The MOU was signed by Deputy Minister for Mineral Management  Eng. Abdul Quddos Hamidi, Deputy Minister of MoWP Shjauddin Zyaee, Deputy Minister of Policies of MoF Mr. Qarizada, the chairman of DABS Abdulr Razaq Samadi, and the head of Ghazanfar Group Haji Ismail Ghazanfar and the head of IFC BoB Sam in a ceremony took place on this regard at the conference hall of MoMP.

A gas power plant –using the gas of Shabarghan- will be established  at a cost of 75 million dollars by the Ghazanfar Group with the cooperation of IFC for 20 years. 

Mr. Hamidi said at the ceremony: today is a historic day in Afghanistan Industry. It is the first time in our country that we are signing an MOU  for generating a 50 megawatt electricity by utilizing  the gas.

“The Gas Power Plant in Shabarghan is one of the large infrastructural projects in the country which will benefit the residents of the Shabarghan and Mazar-e-Sharif, and will provide employments for a number of the people”, Hamidi added.

Bob Sam of IFC, declared his support of this project and said: we are ready to assist the project in any field.

Shjauddin Zyaee highlighted the effectiveness of this project in the industry of the country, and added: this project is to be conducted by domestic investments, with internal sources, and by domestic enterprises, which has a significant effect on the economic growth of the country.

Mohammad Ismail Ghazanfar said: the Ghazanfar Group --with the assistance of IFC and with the collaboration of the Government--, is to  invest 75 million dollars to build the gas power plant.  Thus, it will fulfill its national mission, and will move the country toward the self-sufficient, and will provide work opportunities for young generation, strengthen the economic infrastructures, and will continue the rehabilitation of productive mills.