A $7 billion energy investment has started in Syria.

Historical Energy Investment in Syria: 7 Billion Dollars

A consortium formed by Turkey-based Cengiz Holding and Kalyon Holding, along with Power International from the USA and UCC Holding from Qatar, has progressed to the implementation phase of a 7 billion-dollar energy investment following an agreement with the Syrian Ministry of Energy.

Integrated Energy Project: 5 Thousand Megawatts Capacity

According to the project's details, the investments will reach a total installed capacity of 5 thousand megawatts, which will include the construction of 4 natural gas combined cycle power plants and 1 solar power plant.

The mentioned natural gas power plants will be located in North Aleppo, Zayzoun, Deir ez-Zor, and Mehardeh, and will produce a total of 4 thousand megawatts of energy. Additionally, the solar power plant to be established in Wedian Alrabee and Deir ez-Zor will have a capacity of 1000 megawatts.

Economic Catalyst: Reconstruction of Energy Infrastructure

The investment is expected to play a significant 'catalyst' role in supporting Syria's energy infrastructure and economic recovery. A stable electricity supply will enhance the efficiency of industrial facilities and pave the way for new investments.

Project Aligned with National Economic Goals

Syrian Energy Minister Mohammed al-Basir stated that the project is compatible with the country's economic development goals, emphasizing that it will strengthen energy supply security by meeting the increasing electricity demand.

Kalyon Holding Vice Chairman Lütfi Elvan expressed that this strategic investment will not only support energy supply security but also contribute to the development of foreign trade, increase employment, and promote regional development.

International Cooperation and Innovative Approaches

Cengiz Holding Energy Group President Ahmet Cengiz also noted that these projects will not only contribute to the reconstruction of the region but will also serve as a strong example of international cooperation in the energy sector.