On June 26th, 2016 local time, HEI, together with and General Electric (GE) has officially signed the EPC Contract with the Hassyan Energy (the “Owner” and/or “Project Company”) for the Hassyan Energy Phase 1 P.S.C on BOO basis, which will produce 2,400 MW of net electricity using clean coal.

H.E Saeed Al Tayer, MD and CEO of DEWA, Mr. Qu Aimin, Vice Chairman of the HEI, Mr. Abunayyan, Chairman of the ACWA Power and Mr. Andreas, CEO of the GE Steam Power System delivered the speeches. The signing of such EPC Contract not only secure the financing progress, also marks a significant milestone towards achieving the objectives outlined in Dubai’s Integrated Energy Strategy 2030.

Hassyan Energy Phase I deliver 4X600 MW net power capacity using ultra-supercritical technology capable of 100 percent firing of coal or back-up fuel of natural gas, featuring best in class performance on efficiency, output and adherence to global environmental best practices. The first phase will be ready by March 2020 – before Expo 2020.

As the first coal-fired power plant project in Middle East area, and HEI’s first EPC project in the region, Hassyan project sees that HEI has marched into the high-end international power market in the Middle East, a solid and significant step in further propelling market development and brand expansion.

Mr. Ge Xin, Chief Marketing Officer, Mr. Xu Hongfu, Chief Project Officer and other leaders were present at the signing ceremony.