In a significant step toward rebuilding its energy infrastructure, Syria has signed a $7 billion agreement with a consortium of Qatari, Turkish, and American companies. The deal is expected to restore much-needed power generation capacity after more than a decade of civil conflict.
The signing ceremony took place at the presidential palace in Damascus, attended by Syrian President Ahmed al-Sharaa and U.S. Ambassador Thomas Barrack. The agreement aims to produce up to 5,000 megawatts of electricity across several regions in Syria.
The consortium leading the project includes Qatar’s UCC Concession Investments, Turkey’s Kalyon GES Enerji Yatirimlari and Cengiz Enerji, and U.S.-based Power International USA.
Syrian Energy Minister Mohammed al-Bashir described the agreement as a “milestone” in Syria’s reconstruction journey. “This partnership marks a new chapter in our energy development, helping stabilize the grid and improve daily life for millions,” he stated.
The initiative includes four natural gas-powered plants in central and eastern Syria and a 1,000-megawatt solar project in the southern region. The project will incorporate technology from U.S. and European sources.
According to UCC CEO Ramez al-Khayyat, the energy initiative is projected to generate over 50,000 direct and 250,000 indirect jobs, significantly impacting employment and the local economy.
U.S. Ambassador Barrack said the agreement was enabled by the recent lifting of sanctions on Syria by President Donald Trump. He called it a “forward-looking collaboration” with potential for broader economic recovery.
Additionally, Turkey plans to supply Syria with two billion cubic meters of natural gas annually, which could produce an extra 1,300 megawatts of electricity.
The deal comes as part of a wider effort to attract international investment and rebuild essential infrastructure in Syria, following early signals of economic reopening from international partners.
