GKC Partners and White & Case advise on landmark US$7 billion investment to power Syria’s energy transformation

Global law firm White & Case LLP and GKC Partners have advised  a consortium led by UCC Holding (Qatar) alongside Kalyon G.I.S. Energy (Türkiye), Cengiz Energy (Türkiye), and Power International (US) on the signing of landmark, first-of-their-kind US$7 billion investment and power purchase agreements with the Ministry of Energy of the Syrian Arab Republic and the Public Establishment for Transmission and Distribution of Electricity related to eight new power plant projects across Syria with a combined generation capacity of 5,000 MW.

"These transformative projects demonstrate our deep commitment to advising on complex, high impact developments in Syria and the region, underscored in this case by the strategic participation of Qatari and Turkish investors," said White & Case partner Charbel Abou Charaf, who co-led the Firm's deal team.

The signing represents a major milestone in the rehabilitation and modernization of Syria's electrical-generation infrastructure and marks the first major international integrated public-private partnership (PPP) in the Syrian energy sector.

"These projects are a defining example of how strategic partnerships and legal innovation can help rebuild and modernize critical infrastructure," said White & Case partner Mukund Dhar, who co-led the Firm's team. "The White & Case team have helped shape a transaction that will redefine the landscape of Syria's power sector and set the standard for future international investment."

The projects include four high efficiency, gas-fired combined-cycle power plants – North Aleppo (1,200 MW), Deir Azzour (1,000 MW), Zayzoun (1,000 MW) and Mehradeh (800 MW) – and four solar (PV) installations – Wedian Al-Rabee (200 MW), Deir Azzour (300 MW), Aleppo (300 MW) and Homs (200 MW).

The GKC Partners team was led by partners Emre Özşar and Ateş Turnaoğlu, assisted by associate Emrehan Mermer.