IPPToday #347: PPA signed for 1.8 GW (and first independent) combined cycle power plant in Sharjah
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General Electric (GE) and Sumitomo Corporation have signed a 25-year Power Purchase Agreement (PPA) with the Sharjah Electricity and Water Authority (SEWA) to develop, build and operate a 1.8 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.
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.
SEWA will purchase power from the consortium over 25 years under the PPA.
GE will supply three HA gas turbines, three steam turbines, six generators, three heat recovery steam generators and turnkey engineering, procurement and construction (EPC) services for the power plant. The company will also provide parts, repairs and maintenance services for the power generation assets at the site for a period of 25 years.
Full commercial operation is scheduled for 2023.