South Korean Company Earns Contract in Syria as UN Blacklists North Korean Officials Based in Damascus
A South Korean company has won a contract for the supply of electric equipment to the Syrian Government despite awkward political ties.
Syria’s electricity sector will require investments of EUR 7 billion in the next five years to recover, according to the Minister of Electricity.
India’s BHEL has resumed works on a Syrian power plant, three years after the suspension of its activities in the country.
Reducing Further Households Purchasing Power and Business Competitiveness, Syria More than Doubles Electricity Prices
On Saturday, Syria more than doubled the price of electricity sold to households and businesses as the Government continues its drive to generate new resources.
Iranian and Chinese companies are delivering electricity equipment to Syria following contracts signed in the last couple of years.
Syria’s ministry of electricity has provided a breakdown of its turbines that are at a standstill because of the lack of fuel to feed them.
Syria’s power generation utility can procure only a third of the fuel need to feed its power plant from local sources, a spokesperson said.
The Syrian Minister of Electricity has met with executives from various international engineering companies to explore opportunities in the Syrian electricity sector.
The Syrian Government has issued a tender for the construction of a new power plant while its army reportedly destroys another, the first to be entirely destroyed since the beginning of the uprising more than four years ago.
Syria’s electricity production is largely at a standstill following an attack on the country’s main gas pipeline, leading to long hours of power cuts in Damascus and other parts of the country.
Iran is building two power plants and repairing a third in Syria, the Deputy Energy Minister has said.
Syria has reportedly signed several new contracts to purchase electrical equipment from Iran.
A delegation from China’s SinoHydro visited Damascus this week to discuss the potential development of power projects in Syria.
Syria’s production of electricity last year declined 55 percent compared to its record level of 2011.
Syria has issued the second tender within a week for the construction of a wind power park as funding constraints give a comparative advantage to Iranian companies.
Damascus 1st Tourism Shopping Festival
Syria: Progress & Potential
BIS Conference Centre, 1 Victoria Street, London SW1