The consortium developing the 1,800 MW Hamriyah CCGT power project in Sharjah (United Arab Emirates), namely Sumitomo, Shikoku Electric, GE and Sharjah Asset Management (SAM, the investment arm of the government of Sharjah), has achieved financial close thanks to a US$1bn financing from private banks and from the Japan Bank for International Cooperation (JBIC). Partners have created an equity consortium to build, own and operate the CCGT project, which will consist of three combined-cycle blocks. GE will supply three 9HA gas turbines, three steam turbines, six generators, three heat recovery steam generators (HRSG) and turnkey engineering, procurement and construction (EPC) services. The first 600 MW unit is expected to be commissioned in 2021 and the project should be fully operational by mid-2023. Power generation will be sold to the Sharjah Electricity and Water Authority (SEWA) under a 25-year Power Purchase Agreement (PPA).
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