Afghanistan’s Taliban administration has signed a $10 billion deal with Azizi Energy to generate 10,000 megawatts of electricity, aiming for self‑sufficiency in power within a decade.
The memorandum of understanding was signed on Saturday between the Ministry of Water and Energy and Azizi Energy Private Company, the office of the Deputy Prime Minister for Economic Affairs said.
The plan involves electricity generation, transmission and distribution using gas, coal, water, wind and solar power in different parts of Afghanistan.
Mirwais Azizi, the company’s chief executive, said the project design would be completed in the next six months, with an initial phase producing 2,000 to 3,000 MW.
Officials said the initiative could make Afghanistan self‑sufficient in power within seven to 10 years and enable electricity exports. It is also expected to create jobs for millions of Afghans.
The deal is one of the largest economic agreements since the Taliban returned to power in August 2021.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 12th of December, covering the latest developments you need to know.
NATO's Secretary-General urged European leaders to step up defence efforts to prevent a war waged by Russia, that could be "on the scale of war our grandparents and great-grandparents endured".
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
A powerful magnitude 6.7 earthquake has struck northern Japan, triggering tsunami warnings and forcing thousands of residents to flee to higher ground.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
China’s Ministry of Foreign Affairs has urged Afghanistan and Pakistan to resolve their tensions through dialogue and engagement, as it pledged to work with the international community to help improve relations between the two countries.
The global centre of political gravity is increasingly moving from the Atlantic to the Pacific, a development with significant implications for the South Caucasus and Central Asia.
Turkish President Recep Tayyip Erdoğan will visit Turkmenistan on 11–12 December to attend the International Peace and Security Forum in Ashgabat.
The South Caucasus is witnessing a notable recalibration of geopolitical alignments, with Azerbaijan and Armenia both pursuing strategic partnerships with global powers, including the United States and China.
Energy ministers from the Turkic States have agreed to expand cooperation on key oil, gas, and green energy projects at an event hosted by Türkiye this week. It's a significant move towards regional energy collaboration.
Minister of Foreign and European Affairs of the Slovak Republic, Juraj Blanar touched on the outcomes of President Ilham Aliyev’s official visit to Slovakia.
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