Allows private investment in power projects
14 Nov 2010
On 14 November 2010 the President signed a Law 32 of 2010 on the restructuring of the electricity sector. The law had been passed by Parliament one week earlier. The reform will include the establishment of separate entities to take charge of electricity generation, transmission and distribution. It also states that the private sector (both foreign and domestic) will be entitled to invest in the generation and distribution of electricity. At present, the Syrian power sector is controlled by two entities affiliated to the Ministry of Electricity, the Public Establishment for Electricity Generation and Transmission, which is responsible for power stations and high-voltage power lines, and the Public Establishment for the Distribution and Exploitation of Electricity, which supplies power to 14 regional and district-based distribution companies.
Type:
-
Entry and establishment (Ownership and control)
Industry:
-
Services (Electricity, gas, steam and air conditioning supply)
Inward FDI:
Yes
Outward FDI:
No
Sources:
