Qatar Electricity & Water Co says no formal agreement signed as unrest in Syria continues
Qatar Electricity & Water Co
(QEWC) has cancelled plans to build two power plants
in Syria, a spokesman said on Wednesday.
"Only a memorandum of understanding was signed. We had not
entered into any (formal) agreement," a company spokesman said,
declining to give more information.
Syria has been racked by six weeks of pro-democracy
protests, which have sometimes turned violent and have claimed
the lives of more than 500 people so far.
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.
The project would have involved building plants in the the
northeastern town of Swedeih and the industrial area of Adra,
close to Damascus.