Qatar Consortium to Build 1 GW PV Plant in Syria

• Qatar-led consortium invests $7 billion in Syria's energy revival, creating 300,000 jobs and transforming the power landscape with solar and gas projects.

A Qatar-led consortium, spearheaded by UCC Holding, has signed a USD 7 billion agreement with Syria's transitional government to develop a 1-GW solar power plant and four combined-cycle gas-turbine stations totaling 4 GW. This marks the largest foreign energy investment in Syria since the civil war began in 2011. The solar plant is expected to be completed in two years, with the gas plants operational within three, collectively meeting over half of Syria's projected electricity demand.

The consortium includes Turkey’s Kalyon GES Enerji, Cengiz Enerji, U.S.-based Power International USA, and Qatar’s Urbacon, combining regional expertise with international financing. The project aims to boost Syria's current 1.6 GW capacity, create 50,000 direct and 250,000 indirect jobs, and reduce reliance on diesel generators. Energy Minister Mohammed al-Bashir and UCC Holding CEO Ramez Al Khayyat view the deal as pivotal for Syria's reconstruction, positioning Qatar as a key player in the country's recovery and energy sector transformation.

How will the Qatar-led consortium's investment impact Syria's energy sector and economy?

• The investment will significantly increase Syria's electricity generation capacity, addressing chronic power shortages and improving the reliability of the energy supply.
• By reducing reliance on diesel generators, the project will lower energy costs and decrease environmental pollution, contributing to a cleaner energy landscape.
• The creation of 50,000 direct and 250,000 indirect jobs will stimulate economic growth, reduce unemployment, and provide new opportunities for local communities.
• The involvement of international and regional companies will bring advanced technology and expertise to Syria, enhancing the country's technical capabilities in the energy sector.
• The project will position Syria as a more attractive destination for future foreign investments, potentially leading to further economic development and infrastructure improvements.
• By meeting over half of Syria's projected electricity demand, the investment will support industrial growth and improve living standards, aiding in the country's overall reconstruction efforts.
• The partnership with Qatar and other consortium members will strengthen diplomatic and economic ties, potentially leading to increased regional cooperation and stability.
• The investment will serve as a model for future renewable energy projects in the region, showcasing the potential for large-scale international collaboration in post-conflict reconstruction.