
The project will sell its electricity production to SEWA under a 25-year power purchase agreement (PPA). (Image source: GE EFS)
GE Energy Financial Services (GE EFS) and Japan?s Sumitomo Corporation have secured project financing of US$1bn from a consortium of banks and Japan Bank for International Cooperation (JBIC) to develop the 1.8 GW power project, Hamriyah Independent Power Company in Sharjah, UAE