ADB lends $4 Million to Afghanistan’s 15 MW solar project

A $4 million loan agreement has been signed between ADB and Barakat Kandahar Solar Energy (BKSE), a special purpose vehicle, to set up a 15.1 MW solar power project in Kandhar. BKSE is majority owned by 77 Afghanistan, which is a subsidiary of the 77 Group. The co-borrowers in this deal include three subsidiaries of the 77 Group. The project is expected to generate about 27.5 GWh of electricity annually and avoid 8,500 tonnes of carbon dioxide emissions. It will also help increase the share of renewable energy in the country’s total installed power generation capacity to 5,000 MW by 2032.

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