3 days ago
Syria signs $7 bn power deal with Qatar's UCC Holding-led consortium
Tribune News Network
Damascus
Syria has signed a memorandum of understanding (MoU) with a consortium of international companies led by Qatar's UCC Holding to develop major power generation projects with a foreign investment valued at $7 billion.
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.
This initiative aligns with the agenda to rebuild Syria's core infrastructure, enhance energy security, and support economic development.
The consortium is led by UCC Holding, through its subsidiary UCC Concessions Investment, a Qatari company specializing in energy concessions and Construction.
The consortium includes:
• Power International USA LLC– American company specializing in strategic energy investments
• Kalyon GES Enerji Yatırımları AS – Turkish renewable energy investor and developer
• Cengiz Enerji San. ve Tic. AS – Turkish energy development and operation company
This strategic alliance reflects the vision and leadership of His Highness Amir of the State of Qatar Sheikh Tamim bin Hamad Al Thani in supporting Syria's economic recovery and contributing to the reconstruction of a renewed Syrian state through impactful initiatives aimed at energizing the national economy and advancing the country's path toward power self-sufficiency.
The agreement covers the development of four combined-cycle gas turbine (CCGT) power plants in Traifawi (Homs), Zayzoun (Hama), Deir-Azzour, and Mehardeh (Hama), with an approximate installed generation capacity of 4,000 MW, using American and European technologies, and a 1,000 MW solar power plant in Wedian Alrabee, located in the southern region of Syria. page 2
