What does Syria's $7 billion Energy Agreement mean for the world?

Photo: SANA ERBIL, Kurdistan Region - Syria on Thursday signed a $7 billion energy agreement with a consortium of American, Qatari, and Turkish companies to deliver 5,000 megawatts of electricity, aiming to significantly boost its power supply and meet the long-term goal of energy self-sufficiency.

Will Syria become self-sufficient in electricity?

The consortium is led by Qatar’s UCC Concession Investments and includes Turkey’s Kalyon GES Enerji Yatirimlari and Cengiz Enerji, as well as Power International USA. UCC President Ramez al-Khayyat said, “With those 5,000 megawatts, within three years Syria will be completely self-sufficient in electricity.

Why does Syria have a power shortage?

Syria suffers with severe electricity shortages because of a damaged power grid after years of civil war, fuel shortages, and an economic crisis. The interim government is hopeful that the lifting of international sanctions will help revitalize the economy and boost post-war recovery efforts. Rudaw moderates all comments submitted on our website.

What will the next phase of Syria's Energy Plan look like?

“The next phase ahead of us is gas extraction from pipelines coming from Jordan or from the gas pipeline network between us and Turkey that we are now renovating,” said Syrian Energy Minister Mohammad al-Bashir at the signing ceremony. “This will enable our power stations to operate, and undoubtedly, electricity generation time will also increase.”