Syria today signed an energy deal of $ 7 billion with a US, Qatar and Turkey consortium to restore its electricity -destroyed electricity sector. The agreement was signed at the Damascus Presidential Palace, in the presence of transitional President Ahmed al -Sarah and the US special envoy to Syria, Thomas Barak. According to the Syrian authorities, the plan provides for the production of 5,000 megawatts to meet about 50% of the country’s electricity needs. This is a historic moment and a turning point for Syrian infrastructure affected by almost 14 years of war, Syrian Energy Minister Mohammed al -Bashir said. Consortium, led by Qatar’s UCC Concession Investments, includes Turkish companies Kalyon Ges Enerji Yatirimlari and Cengiz Enerji as well as Power International USA. In Syria, electricity holidays are chronic and can last up to 20 hours daily. Agreement provides for construction […]
Source: News Beast
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