Syria signs $7 billion power deal with Qatar's UCC Holding-led consortium

Middle East News
29-05-2025 | 14:08
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
print
Syria signs $7 billion power deal with Qatar's UCC Holding-led consortium
Whatsapp
facebook
Twitter
Messenger
telegram
print
0min
Syria signs $7 billion power deal with Qatar's UCC Holding-led consortium

Syria has signed a memorandum of understanding with a consortium of international companies led by Qatar's UCC Holding to develop major power generation projects with a foreign investment valued at about $7 billion, UCC said in a statement on Thursday.

The agreement involves building four combined-cycle gas turbine power plants with a total capacity of 4,000 megawatts, plus a 1,000-MW solar power plant in southern Syria.

"This agreement marks a crucial step in Syria's infrastructure recovery plan," said Syrian Energy Minister Mohammed al-Bashir, who signed the deal in Damascus in the presence of Syrian President Ahmed al-Sharaa and U.S. envoy for Syria, Thomas Barrack.

Construction is expected to begin after final agreements and financial close, and is targeted to finish within three years for the gas plants and less than two years for the solar plant.

Once completed, the projects are expected to provide over 50% of Syria’s electricity needs.



Reuters
 

Middle East News

Syria

Billion

Power

Deal

Qatar

UCC Holding

Consortium

LBCI Next
Far-right Israeli minister announces creation of 22 settlements in West Bank
Thousands loot UN warehouse in central Gaza amid a hunger crisis
LBCI Previous

Related Articles

d-none hideMe
LBCI
Middle East News
2025-05-01

Syria signs 30-year port deal with shipping giant

LBCI
Middle East News
2025-04-29

Syria's authorities strike deal with Druze leaders after clashes: Druze source tells AFP

LBCI
World News
2025-04-28

India signs $7.4 billion deal to buy 26 Rafale fighter jets, official says

LBCI
World News
2025-04-17

Russia, Qatar sign 2 billion euro investment deal

Recommended For You
d-none hideMe
LBCI
Middle East News
08:58

Israel accuses France's Macron of 'crusade against the Jewish state'

LBCI
Middle East News
04:58

Syrian Telecom Minister tells LBCI: No privatization, “SilkLink” project to connect Asia and Europe through Syria

LBCI
Middle East News
04:07

Netanyahu 'successfully underwent routine colonoscopy' Friday: PM office

LBCI
Middle East News
03:22

Saudi warns Iran to reach nuclear deal with Trump or risk Israeli strike

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon News
2025-05-21

Public Works Minister launches national road rehabilitation plan in Lebanon

LBCI
Middle East News
2025-04-12

LBCI sources: Syria to attend IMF meetings in Washington with official delegation

LBCI
Lebanon News
2025-04-22

Indian Philosopher Tagore's bust sculpture arrives in Lebanon

LBCI
Lebanon News
05:57

Beirut Port blast judge questions top prosecutor

Videos
d-none hideMe
LBCI
Lebanon News
2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI
Lebanon News
2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

LBCI
Lebanon News
2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

LBCI
Lebanon News
2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

LBCI
News Bulletin Reports
2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

LBCI
Lebanon News
2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

LBCI
Lebanon News
2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI
Lebanon News
2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
News Bulletin Reports
12:47

Hezbollah's arsenal remains: Lebanon stalls on disarmament as international community awaits

LBCI
News Bulletin Reports
13:04

Washington's revised hostage deal reignites debate inside Israeli cabinet — the details

LBCI
Lebanon News
12:26

Lebanon to hold first official negotiation meeting with IMF delegation on Friday

LBCI
Lebanon News
10:42

Interior Ministry publishes women's representation rates in 2025 municipal and mukhtar elections

LBCI
Lebanon News
06:17

One killed in armed clash between families in Beirut's Chiyah area

LBCI
Lebanon News
11:24

Lebanese Army removes barriers set up by Israeli troops in South Lebanon's Odaisseh

LBCI
Israel-Gaza War Updates
07:55

Israel minister says 'we will build Jewish Israeli state' in West Bank

LBCI
Lebanon News
04:20

Justice Minister Adel Nassar concludes official visit to France with high-level meetings on judicial cooperation

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More