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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The Middle East crisis intensifies after the deadly attack on Iran's Supreme Leader Ali Khamenei's compound on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have surged to levels last seen during the Covid-19 pandemic, raising fears of economic disruption and higher prices worldwide.
Türkiye and Iran have suspended day-trip passenger crossings at their shared border, Türkiye's trade minister said Monday, as a U.S.-Israeli military campaign against Iran entered its third day.
China’s Foreign Minister Wang Yi has held talks with his Russian counterpart Sergei Lavrov following recent military strikes carried out by the United States and Israel on targets in Iran, as tensions in the Middle East continue to rise.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
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The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
The Middle East crisis intensifies after the deadly attack on Iran's Supreme Leader Ali Khamenei's compound on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
Türkiye and Iran have suspended day-trip passenger crossings at their shared border, Türkiye's trade minister said Monday, as a U.S.-Israeli military campaign against Iran entered its third day.
China’s Foreign Minister Wang Yi has held talks with his Russian counterpart Sergei Lavrov following recent military strikes carried out by the United States and Israel on targets in Iran, as tensions in the Middle East continue to rise.
Uzbekistan has expressed deep concern over the rapid escalation of tensions in the Middle East, urging restraint and diplomatic resolution as the conflict begins to affect civilian aviation and regional security.
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Israel carried out heavy airstrikes on the Hezbollah-controlled southern suburbs of Beirut on Monday (2 March), after the Iran-backed group launched missiles and drones towards Israel in retaliation for the killing of Iran's Supreme Leader Ali Khamenei.
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