Turkmenistan eyes to increase energy exports

Oil&Gas Materials 14 January 2019 09:26 (UTC +04:00)

Ashgabat, Turkmenistan, Jan. 14

By Huseyn Hasanov– Trend:

Work is underway in Turkmenistan to implement the Concept for the Development of the Electric Power Industry, Trend reports with reference to the country’s Energy Ministry.

“The energy industry of Turkmenistan demonstrates steadily high rates of development and is capable of increasing the exports of electricity in demand in global markets,” the ministry said.

By 2020, it is planned to build 25 facilities, including 14 power plants, 9 overhead power lines and power supply systems, a repair and maintenance center for power equipment, as well as carry out repair work at the Seydi thermal power plant and the Balkanabat power plant.

Over the past period, 10 energy facilities have been commissioned, including in the Ahal, Lebap and Mary provinces. This issue was discussed at the recent government meeting in Turkmenistan. Turkmen President Gurbanguly Berdimuhamedov stressed that Turkmenistan is one of the richest countries in terms of the availability of energy resources, and the production of electricity, as is known, is considered one of the most profitable industries in the whole world.

“Proceeding from this, investments in this major industry are constantly increasing,” the Turkmen president said, the Watan newspaper reported.

It was earlier reported that the total volume of electricity produced in Turkmenistan by 2024 is planned to increase to 33 billion kilowatt-hours, which is 27.2 percent more compared to the plans for 2018. Turkmenistan sells electricity to Afghanistan and Iran. Ashgabat is also exploring prospects for supplies to the markets of the Caucasus, Central and South Asia.