In addition to signing a 25-year power purchase agreement (PPA), DEWA has signed shareholders agreement with ACWA Power and Harbin Electric consortium for the project.
The agreement will see the implementation of the first 2,400MW phase of the project, which will use clean coal to produce electricity.
ACWA Power chairman Mohammad Abdullah Abunayyan said: "Signing this agreement exemplifies the success of Public Private Partnerships and the importance of involving the private sector in enhancing efficiency, productivity and cost reduction, in addition to optimizing resources, transferring the technology, and training and developing local skills in the energy industry."
Planned to be developed on a build-own-operate (BOO) basis, the Hassyan power project will use the independent power producer (IPP) procurement model.
The first phase of the project involves development of four 600MW units while the second phase with 1,200MW capacity includes installation of two 600MW units featuring ultra-supercritical technology.
DEWA CEO Saeed Mohammed Al Tayer said: "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."
Scheduled to be commissioned in March 2023, the project is expected to contribute to the Dubai Clean Energy Strategy 2050, which aims to generate environmentally-friendly energy mix, with 25% from solar energy, 7% from nuclear power, 7% from clean coal, and 61% from gas by 2030.
Image: DEWA signs power purchase deal with ACWA Power & Harbin Electric consortium. Photo: courtesy of Dubai Electricity and Water Authority.
