DAMASCUS: Under the supervision of the Saudi Ministry of Energy, three Power Purchase Agreements were signed in the Syrian capital, Damascus, between Saudi Arabia’s Mohammed Ahmed Al-Harfi Co. and the Syrian Electricity Co.
Two technical cooperation agreements were also signed between Mohammed Ahmed Al-Harfi Co. and each of Saudi Electricity Project Development Co. and Germany’s Siemens Energy.
The agreements form part of Al-Harfi Co.’s development of three solar energy projects in the Widyan Al-Rabie area of Rif Dimashq.
The projects are key renewable energy projects in the Syrian Arab Republic, with a combined capacity of 760 megawatts, supported by battery energy storage systems with a total storage capacity of 1,077 MWh.
The Power Purchase Agreements have terms ranging from 20 to 25 years and provide electricity at competitive tariffs starting at $0.03 per kilowatt-hour.
