Syria and the Islamic Development Bank (IDB) signed on May 23 an agreement for a EUR 100 million loan by IDB to finance a power plant in Deir Ali south of Damascus.
The Islamic Development bank has agreed to provide Syria with a concessionary loan of USD 133 million to part finance the construction of a power plant in Deir Ali.
The European Investment Bank is providing a loan of EUR 275 million to finance the extension of a power station at Deir Ali, south of Damascus.
Mapna, or Iran Power Plant Projects Management Co., has begun construction works on a combined cycle plant at Tishreen Power Station.
Metka SA, Greece’s largest power engineering firm, has announced that it had won, in a joint bid with Ansaldo, a EUR 650 million contract to build a combined cycle power plant in Deir Ali, south of Damascus.
Alternergie, a German firm active in renewable energies, has been awarded a contract by the Ministry of Electricity to build the country's first solar electricity plant at a cost of EUR 50 million.
Demand for electricity in Syria reached 20.1 billion kilowatt hours in the first half of 2008, an increase of 5 percent from the same period of 2007. In the first half of 2007, demand stood at 19 billion kWh.
Kharafi Cham, a Syrian-Kuwaiti firm, will build Syria’s first private power plant following an agreement with the Ministry of Electricity.
India’ Bharat Heavy Electricals has announced that it had been awarded the USD 466 million contract to build the 400 MW extension of the Tishreen power plant.
The Public Establishment for Electricity Generation and Transmission (PEEGT) is embarking on a large development programme, which will see over 4,500 MW of generating capacity added in the coming three years.
Cham holding has entered into a joint-venture with three Kuwaiti firms to tender for large utilities and other infrastructure contracts in Syria.
Syria renewed on December 27 an electricity supply agreement between them, whereby Syria will supply its neighbor with a daily output of between 60 and 200 MW.
The Abu Dhabi Fund for Development has extended a loan of USD 100 million to part finance the construction of a 750 MW combined cycle power plant being built in Deir Ali, south of Damascus.
Syria will add 3 500 MW in generating capacity before the end of 2010, according to Ahmad Al-Ali, the Minister of Electricity.
The Ministry of Electricity has adopted a new pricing policy for the consumption of electricity that entered into effect at the beginning of this month.


Syrian International Microfinance & Banking Exhibition 2015
Dama Rose Damascus Hotel
Investment Facilities at the Industrial City of Adra
Damascus Chamber of Commerce