$900m Syrian power project cancelled
Twin power plant project shelved following Middle Eastern unrest
Plans to construct two 450 megawatt gas-fired power plants in Syria have been shelved by Qatar Electricity and Water Co, following unrest in the country, according to a Dow Jones Newswires.
According to a source close to the project who wished to remain anonymous, QEWC had decided to cancel the project around a month ago, citing a lack of support from the Syrian government, saying: “The negotiations weren’t moving along the right track, and the political unrest complicates the whole deal.”
The news comes just over a year after a joint venture agreement was signed by QEWC and the Syrian-Qatari Holding Company, for the construction of the two plants near oil fields in Adra, in north east Syria.