Hassyan Energy Company, a joint venture between Dubai Electricity & Water Authority (DEWA) (51%) and ACWA Power Harbin Holding Company (49%), has signed the EPC agreement with both Harbin Electric International and General Electric (GE) for the Hassyan Clean Coal Power Phase 1.
In October 2015 we informed that the consortium formed by China's Harbin Electric and Saudi Arabia's ACWA Power was selected as preferred bidder to carry out the project on a Build, Own and Operate (BOO) basis.
As we also reported in early June this year, (DEWA) signed a power purchase agreement 25-year power purchase agreement PPA and a shareholders agreement (SHA) with the ACWA Power and Harbin Electric consortium for the 2,400 MW Hassyan Clean Coal Power project.
The new clean coal fired power generation facility, with an aggregate capacity of 2,400 MW, will be located at the Saih Shuaib area on the Arabian Gulf coast in the Emirate of Dubai. Phase 1 of the project consists of four units of 600 MW net power each, which will respectively be operational in March 2020, March 2021, March 2022 and March 2023. DEWA also plans to carry out an additional phase for a total capacity of 3600 MW.
Commenting on the signing, H.E Saeed Al Tayer, MD and CEO of DEWA said:
“The project reflects our commitment to following through on the vision of his HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, to diversify the energy mix and develop our country’s resources, in our bid to achieve Dubai’s Clean Energy Strategy 2050, which considers the production of electricity through the use of clean coal a key component. Hassyan will utilize the latest global clean coal technologies, such as the ultra-supercritical technology, and the latest environmental standards. Hassyan Clean Coal IPP will also be implemented under a BOO model.”
Commenting on the agreement, Mr. Mohammed Abunayyan, Chairman of ACWA Power, said:
“By signing this agreement today, we have taken a significant step towards starting the engineering and construction works as per the stated timeframe for the first plant of generating electricity with clean coal in the Gulf region within our strategic businesses and projects in the UAE. We are committed to supporting, with all our best-in-class expertise, capabilities and technologies, Dubai’s Clean Energy Strategy 2050. I am fully confident that signing the EPC agreement with Harbin Electric International and General Electric (GE) will secure the delivery of the required works efficiently and with high quality results.”
Qu Aimin, Vice-Chairman of Harbin Electric International added:
“As a Chinese saying goes, distance tests a horse’s strength, time will reveal a person’s sincerity. With our state of art service and high efficient EPC teams, we will put in place all efforts, and make Hassyan plant a bench-marking project in Dubai and beyond.”