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Japan to build Turkmenistan power plant
ADB took a lead role in the project in 2003.
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China’s position as the biggest buyer of Turkmenistani gas was cemented by a 2013 deal that could see it importing 65 billion cubic meters a year through new pipelines by 2020.
A Japanese trading house, Sumitomo Corp, said on October 26 that it has won a $300 million order to build a 400-megawat gas-fired power plant in Turkmenistan.
The cost of the TAPI project is up to $10 billion.
The 23rd meeting of the steering committee on the project for constructing the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline has been held in Ashgabat, Turkmenistan, said the message from the country’s Ministry of Oil and Gas Industry and Mineral Resources.
Project leaders include Turkmengaz, the consortium leader and state-run gas company of Turkmenistan, and Indian energy company GAIL.
The Shareholders Agreement sets forth the principles agreed among the shareholders regarding the management and operation of TAPI Pipeline Company Limited, the rights and obligations of shareholders, and the ownership and transfer of shares. Learning from its previous policy of overly favoring ties with one or other particularly nation, Uzbekistan appears to be trying to spread its friendship as broadly as possible.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
Abe and President Emomali Rakhmon also signed a deal on a scientific exchange between the Tajik State Institute of Foreign Languages and Japan’s University of Tsukuba.
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The tour of Central Asia concludes on October 27, when Abe flies to Kazakhstan.