Siemens Energy is negotiating reconstruction

According to Insider

Siemens Energy is negotiating reconstruction in Syria

Siemens Energy apparently wants to participate in the reconstruction of the war-torn country of Syria. According to insiders, discussions have already taken place.

According to insiders, American groups GE Vernova and Siemens Energy are negotiating the supply of gas turbines for a multibillion-dollar project to rebuild Syria’s war-torn energy sector. The two companies are in talks with Qatar’s Power International Holding (PIH), three people familiar with the matter told Reuters.

In May, Syria signed an agreement with a subsidiary of PIH to build four gas-fired power plants with a total output of 4,000 megawatts and a solar power plant with a capacity of 1,000 megawatts. The deal is worth seven billion dollars.

Both Siemens Energy and GE Vernova could win contracts for the project, one of the sources said. The talks could also go beyond turbines and include providing critical infrastructure for the power grid.

“Siemens Energy has many years of experience in building and restoring energy infrastructure,” the company said in response to Reuters questions. Against this backdrop, a delegation exchanged views with decision makers in Syria to fundamentally discuss how electricity supply could be improved in the short term. There are no concrete agreements or contracts.

However, Siemens Energy is willing to contribute its technical knowledge if the company can use it to help build and stabilize a reliable energy supply that can support society. GE Vernova, PIH and the Syrian Ministry of Information did not immediately comment.

If the negotiations are successfully concluded, Siemens Energy and GE Vernova will be the first Western companies to benefit from the reconstruction of Syria’s energy sector. This was possible after US President Donald Trump lifted most sanctions on Damascus earlier this year.

After the fall of longtime President Bashar al-Assad last year, Syria under new head of state Ahmed al-Sharaa began a strategic realignment away from Iran. Al-Sharaa met with Trump in Washington this week.

Due to the destruction of energy infrastructure during the 14-year civil war, Syria now produces only a fraction of its electricity needs. But gas supplies have improved in recent months thanks to gas shipments from Azerbaijan and Qatar. Syria’s domestic natural gas production is expected to fall from 8.7 billion cubic meters in 2011 to three billion cubic meters in 2023 due to the war. On Wednesday, United Arab Emirates-based Dana Gas announced a preliminary agreement with Syria’s state oil company to rehabilitate war-damaged natural gas fields.