DEWA sign PPA & SHA with ACWA Power & Harbin

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), have recently signed a Power Purchase Agreement (PPA) and a Shareholders Agreement (SHA) with HE Mohammad Abdullah Abunayyan, Chairman of ACWA Power and representative of the ACWA Power and Harbin Electric consortium. The agreement aims to implement the project to produce 2,400 megawatts (MW) of electricity using clean coal. The Hassyan clean coal power project uses the Independent Power Producer (IPP) procurement model on a Build Own Operate (BOO) basis.

The Project will be supported by a 25-year PPA with DEWA and the bidder has been required to put in place a secure delivery of coal to the project over the 25-year life of the PPA. The first 2,400MW phase of the project comprises four 600MW units. The second 1,200MW phase of the project includes two 600MW units with ultra-supercritical technology. The project has a planned Commercial Operation Date of March 2023.

“DEWA’s Hassyan clean coal power project shows our commitment to achieving the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to diversify the energy mix. It also reflects DEWA’s commitment to its goals of energy diversification and sustainability of resources, and achieving the Dubai Clean Energy Strategy 2050, which focuses on producing electricity from clean coal as part of Dubai’s energy mix.,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.

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