The projects are anticipated to supply more than 50% of Syria’s electricity demands.
These initiatives are set to significantly enhance Syria’s energy infrastructure, which has been severely impacted by over a decade of conflict. The solar plant is scheduled for completion by 2027, while the gas plants are expected to be operational by 2028. Together, these projects will meet over half of Syria’s electricity needs, addressing a critical gap in the nation’s power supply.
During the signing ceremony, attended by Syrian President Ahmed al-Sharaa and US envoy Thomas Barrack, Syrian Energy Minister Mohammed al-Bashir stated: “This agreement marks a crucial step in Syria’s infrastructure recovery plan.” The country’s electricity generation has dropped to 1.6GW from a pre-war capacity of 9.5GW, underscoring the urgent need for these developments.
The total cost of rebuilding Syria’s power sector is estimated at $11 billion. The new administration is promoting private sector investment to support these efforts, moving away from previous state-driven economic approaches. Funding for the projects will come from regional and international banks, supplemented by contributions from project partners.
Ramez Al Khayyat, CEO of UCC Holding, said: “This agreement marks a crucial step in Syria’s infrastructure recovery plan.” He emphasized that the projects are expected to create 50,000 direct and 250,000 indirect jobs during their implementation, providing substantial economic benefits to the region.
These energy initiatives reflect a commitment to restoring Syria’s power infrastructure, improving electricity access, and fostering economic growth through job creation and sustainable energy solutions.
