Environment
Syria signs $7 Billion Power Deal with Qatar's UCC Holdings-led consortium
UCC Holding said that Syria had signed a Memorandum of Understanding with a group of international companies, led by Qatari UCC Holding, to develop large power generation projects. The foreign investment is estimated at $7 billion. The agreement calls for the construction of four combined-cycle power plants, with a capacity totaling 4,000 megawatts. It also includes a solar power plant of 1,000 MW in southern Syria. The deal was signed in Damascus by the Syrian Energy Minister Mohammed al-Bashir in the presence both of the Syrian President Ahmed al-Sharaa, and the U.S. Envoy for Syria Thomas Barrack. Construction will begin...