Russian Deputy Prime Minister Igor Sechin said in October that its gas export monopoly, OAO Gazprom, might join TAPI venture. - AFP photo

DUSHANBE: Russia is ready to invest hundreds of millions of dollars to join high- voltage power line and gas pipeline projects in central Asia, President Dmitry Medvedev said in Tajik capital of Dushanbe.

Pakistan, Afghanistan and Tajikistan welcome Russias interest in a gas pipeline project across the countries to India, according to a joint statement signed by Medvedev and the countries Presidents here Friday after a summit with Pakistan President Asif Ali Zardari, Afghan President Hamid Karzai and Tajik President Emomali Rakhmon. It also called for accelerated construction of the CASA-1000 power project.

Afghanistan is seeking to develop the country as a bridge for energy supplies from Central Asian hydro-electric and gas resources to power-hungry economies of Pakistan & India. U.S. has supported efforts, seeking to stabilize the country before pulling out its major combat forces, a step it plans for 2014.

Tajikistan seeks to export electricity to Afghanistan through a 220-kilovolt power line that will form backbone of CASA-1000 project. Afghan officials said the line will be extended to Pakistan, whose 180 million people face electricity shortages of 3 to 4 gigawatts per day, leading to blackouts that have lasted for 12 hours in cities.

In December, President Karzai, President Zardari and officials from India & Turkmenistan signed an agreement to build a 1700-kilometer gas pipeline from Turkmenistans gas fields.

TAPI project faces war zones and insurgency along the route through Afghanistan & Pakistan. Russian Deputy Prime Minister Igor Sechin said in October that its gas export monopoly, OAO Gazprom, might join TAPI venture.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Under siege
Updated 03 May, 2024

Under siege

Whether through direct censorship, withholding advertising, harassment or violence, the press in Pakistan navigates a hazardous terrain.
Meddlesome ways
03 May, 2024

Meddlesome ways

AFTER this week’s proceedings in the so-called ‘meddling case’, it appears that the majority of judges...
Mass transit mess
03 May, 2024

Mass transit mess

THAT Karachi — one of the world’s largest megacities — does not have a mass transit system worth the name is ...
Punishing evaders
02 May, 2024

Punishing evaders

THE FBR’s decision to block mobile phone connections of more than half a million individuals who did not file...
Engaging Riyadh
Updated 02 May, 2024

Engaging Riyadh

It must be stressed that to pull in maximum foreign investment, a climate of domestic political stability is crucial.
Freedom to question
02 May, 2024

Freedom to question

WITH frequently suspended freedoms, increasing violence and few to speak out for the oppressed, it is unlikely that...