CASA-1000 Will Help Meet Energy Needs Of Pakistan: Khusro Bakhtyar

Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar has underlined that greater connectivity can stimulate regional economic cooperation

ISLAMABAD, (UrduPoint / Pakistan Point News - 24th May, 2019 ) :Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar has underlined that greater connectivity can stimulate regional economic cooperation.

He stated that CASA-1000 will help Pakistan meet its energy needs adding that Pakistan attaches great priority to timely completion of the project.

The Minister was talking to Ambassador of Tajikistan, Ismatullo Nasredin, who called on him here on Friday. Member Energy and senior officials of the ministry were also present in the meeting.

Talking about CASA-1000 energy project, the Minister apprised that the project had been referred to ECNEC with the condition that the sponsors would ensure timely finalization of agreement with the member countries for export of surplus power, if available, during non-supply period.

The Minister said that the project would become financially viable if there were two way options adding that Pakistan had surplus energy in winter while Tajikistan had surplus in summer.

Tajikistan ambassador also expressed interest in exploring the option of import of power from Pakistan during the winter months under CASA-1000 project.

Highlighting the importance of Torkhum-Dushanbe Economic Corridor, the Minister noted that the proposed project will connect Torkhum to Dushanbe via Afghanistan.

He stated that Pakistanis willing to go ahead with the initiative if there was a trilateral agreement between Pakistan, Afghanistan and Tajikistan adding that it had the potential to enhance regional connectivity and integration.

Makhdum Khusro welcomed Tajikistan's accession to Quadrilateral Traffic-in-Transit Agreement (QTTA) among China, Kazakhstan, Kyrgyzstan and Pakistan.

This would greatly facilitate regional integration for economic development as it would provide an alternate transport corridor between the two countries and hoped that the legal process for Tajikistan joining the QTTA will be completed soon.

Tajikistan ambassador said that his country was looking forward to further expand bilateral cooperation with Pakistan in various areas including trade and energy.