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Hassyan Clean-Coal Power Project

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This article is part of the Coal Issues portal on SourceWatch, a project of CoalSwarm and the Center for Media and Democracy. See here for help on adding material to CoalSwarm.

Hassyan Clean-Coal Power Project is a proposed 2,400-megawatt (MW) coal-fired power station in Dubai, United Arab Emirates. This first phase of the plant is currently under construction.

An additional 1,200 MW is also planned.

Location

The undated satellite photo below shows the power station in Jebel Ali, Dubai.

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Background on Plant

Hassyan is a planned 3,600 MW coal-fired power station by state-owned Dubai Electricity and Water Authority (DEWA), to be built in two phases, Phase I of 2400 MW and Phase II of 1200 MW.[1] According to reports in August 2016, the 2,400 MW project would be fully operational in March 2023.[2]

The station is reportedly a reworked version of earlier plans to build a US$1.3 billion gas-fueled Hassyan power and water project, which DEWA put off indefinitely in April 2013. Upon completion, the project is set to be the first coal-based power plant in the region.[3]

Phase I: 4 x 600 MW

The project was announced in August 2013, with Phase I was described as 1,200 MW in size.[4]

In September 2014 Dubai's state utility, Dubai Electricity and Water Authority (DEWA), said that it had shortlisted eight international developers to send bids for the first phase of the project.[5]

In May 2015 DEWA was still deciding between four bidders, with Saudi Arabia's ACWA Power submitting the lowest bid, pledging to develop the plant for DEWA in return for US$5.177 cents per kWh.[6]

In October 2015, Dewa said Harbin Electric of China will build the plant while those companies as well as Saudi Arabia's ACWA Power will operate it.[7] The deal was for a levelised cost of energy tariff (LCOE) of 4.501 cents a kilowatt hour (kWh).[8]

The deal was initially for 1200MW, but the developer consortium signed the PPA in June 2016 for a 2,400MW coal-fired facility, which will comprise four 600MW units.[8]

Construction of the US$3.4bn power plant commenced in November 2016. The four units of 600MW each are expected to start operations in 2020, 2021, 2022 and 2023 respectively.[9][10] In the summer of 2016, a contract was awarded for the 200 kV substation.[2]

Phase I Financing

The companies are in talks for a loan to finance the project with Chinese-state owned credit agency Export-Import Bank of China and lenders including Industrial and Commercial Bank of China, Bank of China, Standard Chartered, Abu Dhabi's First Gulf Bank and Saudi Arabia's Samba Financial Group.[11]

In December 2016 financing for US$2.47bn of the plant's $3.4bn in costs was secured. Lenders included Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, China Construction Bank, Silk Road Fund, First Gulf Bank, Union National Bank, Standard Chartered Bank, National Commercial Bank, Commercial Bank International and Emirates NBD.[9]

Phase II: 2 x 600 MW

According to the Pakistan publication PK, DEWA plans to launch a tender for a 1,200MW coal IPP in Dubai in November 2017 - phase III of the Hassyan Clean-Coal Power Project.[12]

Project Details

  • Sponsor: Hassyan Energy
  • Parent company: ACWA Power and Harbin Electric International, under PPA arrangement with Dubai Electricity and Water Authority (DEWA)
  • Developer:
  • Location: Jebel Ali, Dubai, United Arab Emirates
  • Coordinates: 24.911516, 54.9154939 (exact)
  • Status: Phase I: Construction; Phase II: Announced
  • Capacity: Phase I: 4 x 600 MW; Phase II: 2 x 600 MW
  • Type: Ultra-supercritical
  • Start date: Unit 1: 2020, Unit 2: 2021, Unit 3: 2022, Unit 4: 2023
  • Coal Type:
  • Coal Source: Imported
  • Source of financing: Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, China Construction Bank, Silk Road Fund, First Gulf Bank, Union National Bank, Standard Chartered Bank, National Commercial Bank, Commercial Bank International and Emirates NBD
  • Permits and applications:

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References

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