Iran Offers Funding, Expertise to Restore Syria's Water, Electricity Industry

2023-05-08 08:36:54

(MENAFN) Iranian Energy Minister Ali-Akbar Mehrabian has announced that the country is ready to provide funding and expertise to restore Syria's water and electricity industry, which has been damaged due to years of war in the country. Mehrabian made the announcement during a meeting with Syria's Minister of Water Resources Tammam Raad on the sidelines of a regional United Nations water conference in Iraq on Saturday.

According to Mehrabian, Iran is preparing a major credit line to fund reconstruction projects in Syria, with a focus on electricity projects and power plants in the country. Iranian companies are also ready to restore five gigawatts (GW) of electricity generation capacity that has been lost due to over a decade of war in Syria. The minister noted that Syria currently has 8,000 megawatts (MW) of power plant capacity, of which only 2,500 MW are operational.

Mehrabian added that Iran has already overhauled two units of a thermal power plant in the city of Aleppo, which recently went operational with 480 MW of capacity. He also stated that he will soon travel to Syria to inaugurate two new power plants that have been built by Iranian companies. The announcement is part of Iran's broader efforts to support Syria's reconstruction and assist the country in rebuilding its infrastructure.

Mehrabian's announcement comes just days after Iranian President Ebrahim Raisi and his ministers signed a series of major agreements with Syrian government officials in Damascus to expand trade and economic ties between the two countries. The agreements cover a range of sectors, including energy, agriculture, and transportation, and are aimed at boosting economic cooperation between Iran and Syria.

Overall, Iran's offer to provide funding and expertise to restore Syria's water and electricity industry is a significant development in the ongoing effort to rebuild the country's infrastructure. The announcement underscores Iran's commitment to supporting Syria's reconstruction and highlights the potential for increased economic cooperation between the two countries.

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