Greece, Italy & Syria Collaborate on Power Plant

The Syrian Ministry of Electricity signed an agreement today with a consortium consisting of Greek company Metca and Italy’s Ansaldo.  The agreement is for the construction of a 750 MW power plant in the city of Der Azzor, explained news agency Sana in a statement.  It added that the plant will cost 671 million euros to build. Syrian Electricity Ministry Ahmad Al Kayyali believes that the new power plant, which will be gas powered and will be equipped with a cooling system, is very suitable for the eastern area of the country.  This region is known for its high temperatures. 80% of the cost of the plant is being covered by loans granted by the European Development Bank and other Arab banks, while the remaining 20% will be covered by the Syrian government.