PM Nawaz attends launching ceremony of CASA-1000 venture

PM Nawaz attends launching ceremony of CASA-1000 project
Prime Minister Nawaz Sharif attended the groundbreaking ceremony of the Central Asia-South Asia-1000 energy venture in Tajikistan in the present day (Thursday).

The leaders from taking part international locations and different stakeholders additionally participated within the launching ceremony of the venture.

The CASA-1000 is a flagship venture, and the primary of its form that can hyperlink Pakistan, Afghanistan, Tajikistan and Kyrgyzstan in electrical energy grid.

Underneath CASA-1000 Venture, Tajikistan and Kyrgyzstan will provide 1000 MW of electrical energy to Pakistan and 300 MW to Afghanistan throughout the summer time season.

The electrical energy bought underneath this venture will assist mitigate electrical energy deficit of Pakistan in summer time season. On this interval there’s surplus hydropower in Tajikistan and thus the venture will create win-win scenario for all.

Earlier on Wednesday, the Prime Minister held a bilateral assembly with the President of Tajikistan and mentioned the entire vary of bilateral issues, together with commerce, power cooperation and defence cooperation.

The leaders additionally exchanged views on issues referring to regional and worldwide problems with mutual curiosity.

On the event, Nawaz Sharif mentioned CASA-1000 will show a major milestone for Pakistan to attenuate its electrical energy scarcity.

He mentioned the bilateral commerce has steadily risen to $89 million in 2014 from $15 million in 2011, and referred to as for taking steps to attain the goal of $500 million in three years.

He mentioned China-Pakistan Financial Hall will present new alternatives for enhanced connectivity and integration from Gwadar to Kashgar, apart from offering a street hyperlink with Tajikistan via Murghab and different Central Asian states.

President Emomali Rahmon welcomed the event of China-Pakistan Financial Hall, which can even facilitate connectivity between Pakistan and Tajikistan and different Central Asian States.

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