WASHINGTON: Pakistan, Afghanistan, Kyrgyzstan and Tajikistan on Wednesday agreed in principle the terms and conditions for purchase of power.
A resolution to this effect was signed in Washington on Wednesday as energy ministers of all the countries met to hammer out details for the CASA-1000 project and finalise power purchase prices.
Minister for Water and Power Khawaja Muhammad Asif represented Pakistan in the meeting, which was organised by the World Bank and is being supported by the IDB and USAID.
The parties agreed in principle on the terms and conditions of the power purchase agreement, conducted negotiations on the master agreement and initiated negotiations on electricity pricing.
The progress on the bidding for the EPC was also reviewed during the meeting.
The negotiations round concluded with the signing of a resolution approving, in principle, the terms and conditions of the power purchase between the parties.
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