ADB and APPC sign $10 million loan deal for gas-fired power plant

The Asian Development Bank (ADB) and the Afghan Power Plant Company Limited (APPC) have signed a $10 million loan as part of a financing package for the Mazar gas-fired power plant.

The loan provides long-term financing to build and operate a 58.56 MW gas-fired power plant located near Mazar-i-Sharif in northern Afghanistan. The project cost a total $89 million, will use indigenous gas and is expected to generate 404 gigawatt-hours of power annually. The project is co-financed by the International Finance Corporation and DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH.

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