GE, Sumitomo strike deal with SEWA on Sharjah’s combined cycle power plant
GE and Japan’s Sumitomo Corporation have reached a public-private partnership milestone by signing a 25 year Power Purchase Agreement (PPA) with the Sharjah Electricity and Water Authority (SEWA) to develop, build and operate a 1.8 gigawatt (GW) combined cycle power plant located in Hamriyah.
GE and Japan’s Sumitomo Corporation have reached a public-private partnership milestone by signing a 25 year Power Purchase Agreement (PPA) with the Sharjah Electricity and Water Authority (SEWA) to develop, build and operate a 1.8 gigawatt (GW) combined cycle power plant located in Hamriyah. Equipped with GE’s HA technology, including the world’s largest and most efficient heavy-duty gas turbine, the flagship project is expected to be the most efficient power plant in the Middle East’s utilities sector upon completion and will enable SEWA to substantially improve the overall efficiency of its operations. The project will consist of three combined cycle blocks, the first of which is expected to come online in May 2021.
Chairman Dr. Rashid Alleem of SEWA said “we are committed to strengthen Sharjah’s electricity infrastructure and provide seamless, affordable power. The proposed plant underlines our focus to promote public-private partnerships to drive a robust power production and management plan that is aligned with local energy needs, as well as the optimal utilization of natural resources.”
Co-sponsors Sumitomo and GE Capital’s Energy Financial Services will partner with Shikoku Electric Power Company, and Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, to form an equity consortium for the project. This will establish the project as the first independent combined cycle power plant in Sharjah, which demonstrates the strength of the emirate’s economy and its attractiveness for foreign direct investment (FDI). SEWA will purchase power from the consortium over 25 years under the PPA. — SG
GE will supply three HA gas turbines, three steam turbines, six generators, three heat recovery steam generators (HRSG) and turnkey engineering, procurement and construction (EPC) services for the power plant.
GE will also provide parts, repairs and maintenance services for the power generation assets at the site for a period of 25 years
As reported by Saudi Gazette on Jan 30, 2019. You can also view the original article on http://saudigazette.com.sa/article/558055/BUSINESS/GE-Sumitomo-strike-deal-with-SEWA-on-Sharjahs-combined-cycle-power-plant
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