INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Qatar to expand scheme to boost Syria power supply

Syrian President Ahmad Al-Sharaa. (AFP)
  • The deliveries, aimed at alleviating chronic power outages in Syria, will increase the Qatari scheme's generating capacity to 800 megawatts per day
  • A first phase of the Qatari scheme to fund gas supplies for power generation rolled out in March via Jordan and provided 400 megawatts of electricity per day

Doha, Qatar – Qatar is to expand its scheme to boost the power supply in Syria by paying for deliveries of Azerbaijani gas through Turkey, the Gulf state’s development fund announced on Thursday.

The deliveries, aimed at alleviating chronic power outages in Syria, will increase the Qatari scheme’s generating capacity to 800 megawatts per day, the Qatar Fund for Development said.Syria’s 14-year civil war wrecked its power infrastructure, leaving consumers with power cuts of up to 20 hours a day.

A first phase of the Qatari scheme to fund gas supplies for power generation rolled out in March via Jordan and provided 400 megawatts of electricity per day.

The new deliveries will be received at Aleppo power station from Saturday and the electricity will be supplied to “various cities and neighbourhoods”, the Qatar Fund for Development said.

Qatar and Turkey are among the leading foreign supporters of the Islamist-led interim government formed in Syria following the overthrow of longtime president Bashar al-Assad in December.