23rd October 2016: Da Afghanistan Breshna Sherkat (DABS), the national electricity utility of Afghanistan participated in Central Asia Regional Economic Cooperation Program (CAREC) meeting, held in Islamabad, Pakistan on 23 October 2016.
The World Bank stated that the current situation of power trade is not cost effective for all countries and efficient trade can bring significant benefits to the region. During the meeting, several multilateral institution and companies such as Asian Development Bank (ADB), World Bank, International Hydropower Association (IHA), Nizam Energy (NE), and BrightBeam Solar shared their views on solar power system and other regional power system developmental issues.
Mr. Qudratullah Delawari, CEO, DABS participated in the meeting along with key officials from DABS. Participants shared experiences on successful investments in the CAREC countries, with selected case studies in CAREC member countries and discussed how funding development will systematically address investment risks and encourage private sector participation in energy projects. The participants introduced the strategies to supply electricity to the people who are unable to access any form of electricity in the world.
The Asian Development Bank (ADB) mentioned the value of regional cooperation on renewable energy integration to the grid.
The CAREC program is a partnership of 11 countries namely Afghanistan, Azerbaijan, The People's Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan and Uzbekistan. Six multilateral institutions namely Asian Development Bank (ADB), Europe Bank for Reconstruction and Development (EBRD), International Monetary Fund (IMF), Islamic Development Bank (IDB), United Nations Development Programme (UNDP) and World Bank (WB) support it.