The Syrian government has signed a strategic Memorandum of Understanding (MoU) with a consortium led by UCC Holding to develop major power generation projects in the region.
The MoU 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 4,000MW, using American and European technologies.
It also includes a 1,000MW solar power plant in Wedian Alrabee, located in the southern region of Syria.
These projects will be implemented under Build-Own-Operate (BOO) and Build-Operate-Transfer (BOT) models with the corresponding power purchase agreements.
Construction is expected to begin following final agreements and financial close, with completion targeted within three years for the gas plants and less than two years for the solar plant.
Have you read?EthosEnergy bags O&M contract for 850MW CCGT plant in IraqTAQA acquires UK’s Transmission Investment platform
The agreement, which will unlock foreign investment valued at approximately $7 billion, aligns with the national agenda to rebuild Syrian power generation infrastructure, enhance energy security, and support economic development.
Ramez Al Khayyat, president and Group CEO of Qatari construction company UCC Holding, commented in a statement: “This MoU reflects our vision for sustainable and impactful infrastructure development in the region…These projects represent a model of effective public-private partnership, integrating both conventional and renewable power solutions to support Syria’s energy transition and long-term economic resilience.”
Upon completion, the projects are expected to supply over 50% of Syria’s national electricity needs and will have broad social and economic impacts.
Also of interest: Iberdrola launches East-West Digital to develop and commercialise AI
According to UCC Holdings, the development will:
The consortium involved in the initiative is led by UCC Holding, through its subsidiary UCC Concessions Investment, a Qatari company specialising in energy concessions and construction. The consortium includes American and Turkish companies.