Prime Highlights-
- Saudi Arabia, Syria sign three Power Purchase Agreements for 760 megawatt solar capacity.
- Al-Harfi Co partners with Siemens Energy, Saudi Electricity Project Development Co on technical support.
Key Facts-
- Projects include battery storage systems with 1,077 megawatt-hour combined capacity.
- Power Purchase Agreements span 20 to 25 years at tariffs starting $0.03 per kilowatt-hour.
Background-
Saudi Arabia’s Ministry of Energy oversaw three Power Purchase Agreements signed in Damascus between Saudi firm Mohammed Ahmed Al-Harfi Co. and the Syrian Electricity Co., opening a new chapter in energy ties between the two countries.
Alongside these deals, Al-Harfi Co. signed two technical cooperation agreements, one with Saudi Electricity Project Development Co. and another with Germany’s Siemens Energy.
The agreements support three solar energy projects Al-Harfi Co. is building in the Widyan Al-Rabie area of Rif Dimashq, projects that stand among Syria’s leading renewable energy ventures, carrying a combined capacity of 760 megawatts and paired with battery storage systems totaling 1,077 megawatt-hours.
The Power Purchase Agreements run for 20 to 25 years and set electricity tariffs starting from $0.03 per kilowatt-hour.
Under the first technical cooperation deal, Saudi Electricity Project Development Co. will bring specialized engineering and advisory support to help manage and carry out Al-Harfi Co.’s projects. The second, with Siemens Energy, centers on sharing technical know-how across main substations, power generation, and energy storage systems.
Both agreements work toward delivering the projects to top technical standards, while building stronger integration and teamwork among all parties, including the Syrian side.
Earlier this year, Saudi Electricity Project Development Co. signed a framework agreement with Syrian authorities to offer technical and engineering services for energy projects, and Siemens Energy signed a memorandum of understanding with the Syrian Ministry of Energy to build a new control and operation system for the country’s electricity grid.
The deals point to Saudi Arabia’s ongoing drive to build stronger ties with Syria, deepening economic and fraternal partnership through energy infrastructure support and progress toward sustainable development goals across the country.
