01 February 2019
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 the first independent power plant (IPP) in Sharjah.
Equipped with GE’s HA technology, including the world’s largest and most efficient heavy-duty gas turbine, the 1.8 gigawatt (GW) combined-cycle power 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 located in Hamriyah will consist of three combined-cycle blocks, the first of which is expected to come online in May 2021.
The scope of the project covers:
• 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. 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 (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. n