UCC-Led Consortium Signs US$7 Billion Deal to Rebuild Syria's Power Sector

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Researched by Industrial Info Resources (Sugar Land, Texas)--In a major step toward revitalizing Syria's energy infrastructure, a global consortium led by Qatar's UCC Holding (Lusail) has signed a US$7 billion memorandum of understanding (MoU) with the Syrian government. The deal outlines the development of 5 gigawatts (GW) of new power capacity, combining 4 GW from combined-cycle gas turbine (CCGT) plants and 1 GW from solar photovoltaic (PV) energy.

The consortium plans to build four CCGT power stations in Traifawi, Zayzoun, Deir-Azzour, and Mehardeh. Additionally, a 1,000-megawatt solar PV plant will be established in Wedian Alrabee, located in southern Syria. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports.

These projects will be executed under build-own-operate (BOO) and build-operate-transfer (BOT) models. The initiative aims to bolster Syria's electricity supply, enhance national energy security, and stimulate economic recovery through infrastructure development and job creation. Construction will commence after financial closure, with completion timelines set at three years for the gas plants and two years for the solar facility.

The agreement marks one of the largest energy investments in Syria since the outbreak of conflict and highlights growing international interest in sustainable reconstruction efforts.

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