In view of the continuing unrest in Syria, Qatar Electricity & Water Co (QEWC) has cancelled plans to build two power plants in the country.
Qatari media reported last year that QEWC and Syrian-Qatar Holding, set up by the two countries with $5 billion in capital, would develop two 450 MW gas-fired power plants in Syria in a project valued at $1 billion. "A memorandum of understanding had been signe, but we had not yet entered into any (formal) agreement," a company spokesman said, declining to give more information. The project would have involved building plants in the the northeastern town of Swedeih and the industrial area of Adra, close to Damascus.
Syria has been racked by six weeks of pro-democracy protests, many of them violent, which have claimed the lives of more than 500 people so far.
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