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Financial audit of the contractor — Aleppo substations

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Independent financial audit of the Aleppo substations contractor’s certificates after its default.

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Confidential

Syrian Arab Republic

Planning and Statistics Authority

National Project Management Office (PMO)

Code
DOC-0214
Version
V1
Date
2026-10-26

Financial audit of the contractor — Aleppo substations

Aleppo 230 kV Substations Rehabilitation

⁦1⁩. Executive summary

⁦This report gives the position of Aleppo 230 kV Substations Rehabilitation to date⁩: ⁦68% complete against 92% planned⁩, ⁦SPI 0⁩.⁦74⁩, ⁦CPI 0⁩.⁦84⁩, ⁦and an estimate at completion of SYP 12⁩.⁦26bn⁩.

Project
⁦Aleppo 230 kV Substations Rehabilitation⁩ (⁦PRJ-2026-004⁩)
Project manager
Eng. Maher Al-Hamawi
Budget
⁦SYP 10⁩.⁦30bn⁩
Progress
⁦68% actual against 92% planned⁩
Forecast finish
⁦2027-02-03⁩

⁦2⁩. Key findings

  • All planned milestones of the period met except one deferred
  • Actual spend rose in line with the work done
  • Three high risks under treatment, each with a named owner

⁦3⁩. Recommendations & decisions needed

  • Approve the proposed treatment of the high risks
  • Track the open findings with the vendor weekly

Prepared by

Omar Al-Nahhas

Project manager

Eng. Maher Al-Hamawi
Issued from Munjaz — valid only once approved electronically1 / 1

Confidential

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