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Iranian company fined $1M for delay in electricity project in Afghanistan

Business Materials 22 October 2014 12:57 (UTC +04:00)


Baku, Azerbaijan, Oct. 22

By Umid Niayesh - Trend:

An Iranian company has been fined $1 million for failing to implement an electricity project in the western Badghis province of Afghanistan.

The company whose name was not unveiled has failed to complete the project of electricity transmission from Turkmenistan to the Qala-i-Naw, the capital city of the Badghis province, Iran's official IRNA news agency reported Oct. 22.

Mohammad Taher Azimi, head of the Badghis electricity office said that the company was committed to implement the project in 18 months, meanwhile after 36 months has not fulfilled its commitment.

The Iranian company now has six months to complete the project and pay the fine, based on a new deadline by the Afghanistan's water and energy ministry, Azimi added.

It is while, the Iranian company said that the security problems in the region caused the delay, demanding the water and energy ministry to review the decision.

However the local officials in Badghis province anounced that they have provided the Iranian company with special security forces to confront possible threats.

While the electricity transmission project come on stream, 22 megawatt of electricity will be provided to more than 16,000 residents of Qala-i-Naw.

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