Damascus, Syria – 06 November 2025
The Ministry of Energy in Syria signed the
final concession agreements to build and operate of eight new power generation
stations with a total capacity of 5,000 megawatts, with the international
consortium led by Urbacon Holding,
through its subsidiary Urbacon Concessions Investment, and in
partnership with Kalyon G.I.S. Energy, Cengiz
Energy, and Power
International (USA). This signing comes as part of the Qatari
project package in Syria, and as an extension of the MoU signed on 29
May 2025, which laid the general framework for strategic
cooperation in the energy sector. Following the signing of the MoU, preparatory
engineering and technical works were completed, including field surveys for the
plant sites and the necessary technical studies, to enable immediate
commencement of implementation.
The agreements were signed at the Ministry of
Energy headquarters in Damascus between H.E. Eng. Mohammad
Al-Bashir, Minister of Energy of Syria, and Mr. Ramez
Al-Khayyat, President of UCC Holding, in the presence of
representatives of the consortium companies, and officials from the Ministry,
the Syrian Energy Company, and the Syrian Electricity Company. This step
reflects the transition from contractual, technical, and financial preparation
to direct on-ground execution.
The final contracts include the construction
and operation of four high-efficiency, natural-gas-fired combined-cycle power
plants, namely the North Aleppo Power Plant (1,200 MW), the Deir
Ezzor Power Plant (1,000 MW), the Zayzoun
Power Plant (1,000 MW), and the Mhardeh
Power Plant (800 MW). In addition, the agreements include the
implementation of solar renewable energy projects with a total capacity of 1,000
MW distributed across four locations: Widian
Al-Rabee (200 MW), Deir
Ezzor (300 MW), Aleppo
(300 MW), and Homs
(200 MW).
These projects will be executed using the
latest advanced technologies in performance, efficiency, and reliability, in
accordance with the highest global standards for environmental and public
safety considerations, and based on an accelerated implementation schedule that
ensures phased commissioning and timely entry into service.
This project represents a pivotal stage in
rehabilitating Syria’s energy system and driving economic growth, as the
availability of stable electricity is essential for restoring factories to full
operational capacity, and for launching new industrial and commercial ventures.
The projects are expected to generate tens of
thousands of direct and indirect jobs during the construction and operational
phases. Furthermore, the adoption of modern technologies will enable the
upskilling of national technical personnel, supporting sector sustainability
and the localization of expertise in the field of energy.
H.E. Eng. Mohammad
Al-Bashir, Minister of Energy, stated:
“This project represents a qualitative leap in
the development of Syria’s energy infrastructure. It enhances generation
capacity and supports the stability of the electrical grid, aligned with
national economic development objectives. These projects aim to close the
generation gap, meet the growing demand for electricity, and enhance energy
supply security, forming a fundamental base for sustainable economic and social
growth, strengthening the performance of productive and service sectors, and
enabling stable economic development in the coming years.”
Mr. Moutaz
Al-Khayyat, Chairman of UCC Holding, said:
“The strategic partnership between the public
and private sectors in this project constitutes an essential step toward
building a sustainable development model in Syria, and reflects the confidence
of international partners in the prospects of Syria’s economic recovery. We are
committed to executing these projects according to the set timelines and the
highest global standards, ensuring a tangible economic impact that extends
beyond the energy sector to supply chains, industry, and investment flows. Enhancing
Syria’s energy security will contribute to the revival of industrial activity,
support economic stability, and open broader pathways for regional cooperation
in the coming stage.”
The project represents the first and most
prominent integrated public-private partnership model in the Syrian energy
sector, reflecting the attractiveness of the national investment environment
and its ability to draw international partners. The project is expected to pave
the way for major investments in other key economic and service sectors in the
near future.
*Source:
AETOSWire
Contacts:
Aladdin Idilbi
a.idilbi@powerholding-intl.com
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