The Syrian power generation utility is extending the deadlines for several tenders as it fails to attract interest from foreign contractors.
Starting next September, electricity rates for businesses will increase in Syria as the government seeks to reduce the cost of its subsidies.
The lack of fuel oil is the main reason for the decline in the production of electricity, according to state officials.
Syria has signed contracts worth EUR 40 million for the import of electrical equipments from Iran.
BHEL, the Indian engineering firm, has said that its sole project in Syria had come to a halt because of the deteriorating security conditions.
The Syrian government has managed to procure spare parts and equipment from “friendly” countries to enhance its power sector, the Minister of Electricity has said.
The Syrian government has extended the deadline to bid for two new power plants as fears over the conflict and international sanctions keep foreign bidders away.
The Minister of Electricity has said that the power outages of the last two years had inflicted a loss of some SYP 218 billion on the Syrian economy.
The state entity in charge of the country’s electricity distribution network said that it accumulated losses of at least SYP 15 billion since the beginning of the uprising in the country two years ago.
Syria has extended for the second time the closing date for a tender to build a 500 MW power plant in Al-Zara, near Homs.
The Syrian Minister of Electricity has said that 3,000 MW of power generation capacity is unused because of the damages inflicted on the country’s power grid.
The reported capture of the Tishreen hydroelectric dam by Syrian rebels is likely to strain further supplies of electricity across the country.
The Syrian Government has issued a tender for the construction of a 350 MW power plant in the coastal area.
The Turkish minister of energy said last week that the Syrian government is seeking again to purchase electricity from his country.
Syria has suspended imports of electricity from Turkey and Arab countries and switched instead to Iran, according to press reports.
Dama Rose Damascus Hotel
Taxation in Syria
Damascus Chamber of Commerce