(Reuters) Syria signed a $7 billion energy deal on Thursday with a consortium of Qatari, Turkish and US companies as it seeks to revive the war-torn country’s crippled power sector. The agreement was sealed at the presidential palace in Damascus in the presence of President Ahmed al-Sharaa and US ambassador Thomas Barrack.
Syria’s 14-year civil war wrecked its power grid, leaving people with up to 20 hours of daily blackouts. The project includes four gas-powered plants in central and eastern Syria and a 1,000-megawatt solar farm in the south. Al-Bashir said the plants would use US and European technology.
Al-Bashir said Syria’s infrastructure that has been repaired can provide 5,000 megawatts, about half the country’s needs, but fuel and gas shortages have hampered generation. With the sanctions lifted, that supply could come in soon.
Syrian Energy Minister Mohammed al-Bashir called it a “historic moment” and a “turning point” for the country’s shattered infrastructure. The consortium is led by Qatar’s UCC Concession Investments and includes Turkey’s Kalyon GES Enerji Yatirimlari and Cengiz Enerji, along with Power International USA.
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Syria is working to rebuild its energy sector after years of civil war and crippling sanctions. The country has suffered severe electricity …
Syria has entered into a memorandum of understanding (MoU) with a consortium led by Qatar’s UCC Holding to develop power generation projects valued at $7 billion. The …
Syria is working to rebuild its energy sector after years of civil war and crippling sanctions. The country has suffered severe electricity shortages, with only those who can …
The deal, announced by Syria’s Foreign Ministry, includes the construction of four gas-fired combined cycle power plants and the country’s first large-scale solar power plant, …
Syria signed a $7 billion energy deal on Thursday with a consortium of Qatari, Turkish and US companies as it seeks to revive the war-torn country’s crippled power sector.
The scale of power shortages in Syria means that essential services, manufacturing, and commercial activities cannot rely on small residential systems. Continuous …
Syria on Thursday signed a $7 billion deal with a Qatar -led business group aimed at doubling the country''s power supply, in the latest move to boost its postwar economy. The …
Syria on Thursday signed a $7 billion deal with a Qatar -led business group aimed at doubling the country''s power supply, in the latest …
NEWS POWER Syria signs $7bn deal to boost power supply Syria has signed a $7 billion agreement with a Qatar-led consortium to more than double its national power …
Syria’s economic recovery extends beyond energy, with revitalized trade relationships signaling a broader reintegration into global …
The agreement involves building four combined-cycle gas turbine power plants with a total capacity of 4,000 megawatts, plus a 1,000-MW solar power plant in southern Syria.
PowerVault Technologies - In a country like Syria, where power instability remains a persistent challenge, large-capacity uninterruptible power supply (UPS) systems have become vital for …
Syria’s economic recovery extends beyond energy, with revitalized trade relationships signaling a broader reintegration into global markets. Commercial ties with Saudi …
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