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Al Bawaba
3 days ago
- Business
- Al Bawaba
Syria signs mega project for power and progress
ALBAWABA According to Khaled Abu Di, Director General of the Public Establishment for Transmission and Distribution of Electricity, Syria's Ministry of Energy has inked a historic deal with an international consortium that includes businesses from Qatar, the United States, and Turkey to construct significant electricity production facilities throughout the nation. It is anticipated that the deal, which is worth more than $7 billion, would greatly improve Syria's energy infrastructure and create thousands of employment both during building and operation. The project will consist of a 1,000 megawatt solar power plant in southern Syria and four combined-cycle gas power plants with a combined 4,000 megawatt capacity. Abu Di claims that the program is a component of a long-term national energy policy that aims to increase energy security and the availability of power nationwide. According to Abu Di, the gas plants would take three to four years to construct, but the solar plant should be finished in around 20 months. He underlined that during the next several months, the effects on the supply of power, especially from the solar facility, would become noticeable. Syria's electrical infrastructure can support up to 7,000 megawatts, however it currently has a capacity of 5,170 megawatts. Over the next four years, the government wants to increase it to 12,000 megawatts. Abu Di attested to the availability of enough fuel to power the additional stations and the ability of the current infrastructure to handle the increased production.
Zawya
4 days ago
- Business
- Zawya
Syria signs $7bln power deal with Qatar's UCC Holding-led consortium
Syria has signed a memorandum of understanding with a consortium of international companies led by Qatar's UCC Holding to develop major power generation projects with a foreign investment valued at about $7 billion, UCC said in a statement on Thursday. 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. Construction is expected to begin after final agreements and financial close, and is targeted to finish within three years for the gas plants and less than two years for the solar plant. After 14 years of war, Syria's electricity sector has been suffering from severe damage to its grid and power stations, aging infrastructure, and persistent fuel shortages, generating only 1.6 gigawatts of electricity today, down from 9.5 GW before 2011. (Reporting by Riham Alkousaa. Writing by Ahmed Elimam. Editing by Mark Potter)
