Syria is investing in the reconstruction and development of its energy sector through strategic partnerships aimed at strengthening energy security and supporting the country’s economic recovery. To this end, it has signed a series of memorandums of understanding with international energy companies for the development of five major energy projects.
A strategic cooperation agreement was signed on May 29 at the Presidential Palace in Damascus, in the presence of Syrian President Ahmad al-Sharaa, the Syrian Ministry of Energy, and representatives of a consortium of Qatari, Turkish, and American companies. The goal of the agreement is to generate 5,000 megawatts of electricity.
The agreement includes the development of four natural gas power plants with a total capacity of 4,000 MW, using American and European technology, as well as a 1,000 MW solar power plant in southern Syria.
The gas power plants are expected to be completed within three years, while the solar plant is expected to be finished in approximately two years.
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The investment is valued at around seven billion dollars, and this initiative is part of the national plan for rebuilding critical infrastructure, enhancing energy security, and supporting economic development.
Once completed, the projects are expected to meet more than 50 percent of Syria’s electricity needs, representing a significant step toward energy security and economic recovery.
“This agreement is a key step in rebuilding Syria’s energy infrastructure. It strengthens the national grid, expands access to electricity, and helps meet growing demand in line with local priorities,” said H.E. Mohammed Al Bashir, Syria’s Minister of Energy.
The projects will utilize American and European technology and are expected to create more than 50,000 direct and 250,000 indirect jobs.
Jasna Dragojević
