Syria’s power generation utility has issued a tender for the construction of a new power plant in Deir-ez-Zor although its requirement that bidders offer favourable payment terms reduces considerably potential interest in the project.

The Syrian government announced last week that a Greek-Italian consortium had begun works on a new power plant in Deir Ali near Damascus, in what is likely the largest ongoing engineering project in the country, although how it plans to pay for it remains a mystery.

A Greek-Italian engineering consortium is just weeks away from completing a large power plant south of Damascus, almost seven years after it began works.

PEEGT has re-issued a tender for the provision of consultancy services to supervise the construction of a 724 MW CCP plant in Deir-ez-Zor.

Works on the 724MW Deir-ez-Zor CCP plant will start in August, the Minister of Electricity said.

The Saudi Fund for Development will provide USD 100 million to part-finance the construction of 750MW Combined Cycle Plant in Deir-ez-Zor, according to the Ministry of Finance.

Demand for electricity rose 4.2 percent last year, according to Hisham Mashfej, head of PEEGT, the state-owned power utility.

A consortium of Metka and Ansaldo has won a EUR 678 million EPC contract to build a 724 MW Combined Cycle Plant near Deir-ez-Zor.

The International Bank for Trade and Finance (IBTF), a local commercial bank, has issued a EUR 64 million bridge loan to part-finance a turnkey power project.

Syria’s Ministry of Electricity has awarded two new EPC projects that will add 1,050 MW in power capacity.

Metka has announced that it had formally signed on June 25 the contract for the construction of a 700 MW combined cycle power plant in Deir Ali, south of Damascus.

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.

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.