A $7 billion energy investment deal signed by Turkish, Qatari and US companies will significantly boost Syria's electricity supply and improve living conditions for millions of people, Syrian Energy Minister Mohammed al-Bashir told Anadolu. With 43% of households experiencing daily power outages, energy storage systems like the 1MWh power station offer three critical advantages: "Energy storage acts like a 'power bank' for national grids – storing surplus renewable energy during peak production and releasing it when needed most. The cooperation agreement between Turkish-based Kalyon. UNDP Syria Resident Representative, Mr Sudipto Mukerjee and the Minister of International Development of Norway, Mr Åsmund Aukrust sign a framework agreement to develop the renewable energy master plan for Syria Damascus, 22 May 2025 – The Minister of International Development of Norway, Mr Åsmund. Signing of a Memorandum of Understanding between the Syrian Ministry of Electricity and the UCC Concession Investments group for energy investment in Syria - May 29, 2025 (Enab Baladi/Anas al-Khouli) The Syrian Ministry of Electricity has signed a memorandum of understanding with the global group. BEIRUT — Syria's energy ministry finalized agreements on Thursday with a group of foreign companies, led by Qatar's UCC Holding, to construct four new power plants with a combined capacity of 5 gigawatts, the energy Ministry said in a statement posted on its Facebook page Thursday. This investment. Recently, under the witness of Syria's interim President Ahmed Al-Sharaa, the Syrian government officially signed a Memorandum of Understanding (MoU) with a consortium of international partners.