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Turkish Holding Makes Major Investment in Syria's Energy Infrastructure

 


According to a new report of the Enerji Bülteni on May 30, a significant transformation in Syria's regional energy landscape is underway with Turkey's Kalyon Holding's latest investment initiative.

Kalyon Holding, renowned for its numerous national and international projects in energy, transportation, and infrastructure and with close ties to Turkey's conservative ruling party, is now launching a major energy project in Syria. The Turkish company has joined a consortium established for Syria's reconstruction alongside companies from Qatar and the United States.

The ambitious project will deliver a total installed capacity of 5,000 MW, comprising 4,000 MW from natural gas power plants and 1,000 MW from a solar energy facility in the Wedian Alrabee region. These developments are scheduled for completion within three years, with a phased implementation approach.

Once fully operational, the 5,000 MW installations are expected to generate approximately 35 billion kWh of electricity annually. These renewable energy investments aim to enhance Syria's energy security while promoting regional development throughout the country.

A historic cooperation agreement was signed between the Syrian Ministry of Energy, Kalyon Holding, Cengiz Holding, Qatar-based UCC, and Power International, a US-based company. Syrian President Ahmed Shara and numerous high-ranking officials attended the signing ceremony. Thomas Barrack, the US Ambassador to Ankara and Special Representative for Syria described the agreement as "concrete evidence of the US administration's support for the new Syrian government."

During the signing ceremony, Cemal Kalyoncu, Chairman of Kalyon Holding's Board of Directors, highlighted that the company has invested over $2 billion in renewable energy projects to date. "We have brought Europe's largest solar power plant, Karapınar GES, to Turkey. We established fully integrated production facilities with Kalyon PV. This strategic energy investment we are initiating in Syria represents a historic step not only for the region but also for Turkey's energy sector," Kalyoncu stated.

The project marks a significant milestone in Syria's post-conflict reconstruction efforts, with energy infrastructure development playing a crucial role in rebuilding the nation's economy. The international collaboration between Turkish, Qatari, and American companies demonstrates a shared commitment to Syria's future stability and prosperity.

Energy experts predict that this investment will not only address Syria's immediate power needs but also position the country as a potential regional energy hub in the years to come. The focus on both conventional natural gas and renewable solar energy reflects a balanced approach to energy security and sustainability.

Photo: Enerji Bülteni

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