Two private companies have agreed to launch three large projects in Afghanistan, including a hydropower plant, the construction of cold storages and the establishment of a cement factory. The pact was signed by a Russian company IFPEEC, a local company in the name of Ittefaq Group and the Afghanistan International Chamber of Commerce (AICC) here on Monday.
Speaking on the occasion, director of the Russian company said that 100kW and 500kW of electricity would be produced with the help of turbines and coal generators respectively.
He said the three parties agreed to establish a cement factory with a production capacity of 1000tpd. He said the proposed cold storages would have the capacity of storing 18,000 tons of food items. Asked about the amount to be spent on the three projects, he said they did not have a cost estimate for the project at present.
Director of the AICC Hamidullah Farooqi, who was also present during the ceremony, said the agreement would prove beneficial both for Russia and Afghanistan. He hoped completion of the hydropower project would solve the problems of the people up to some extent.
He described the establishment of the cement factory as beneficial for the country, which is in the rebuilding process and annually requires 700,000t of cement, which is being imported from abroad.