Combined Cycle Power Plant – Efficient way for future Clean Power Generation

Posted by MarketsandMarkets on May 28, 2019 3:11:26 PM

In a major development GE has secured USD 1.0 Billion of project financing for the first independent combined cycle power plant in Sharjah, UAE. GE is working with co developers GE Energy Financial Services (GE EFS), Sumitomo Corporation of Japan, Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and Shikoku Electric Power Company for development of power plant project. The secured financing is from leading private financial institutions of Japan, with the Japan Bank for International Cooperation (JBIC), and Japan’s export credit agency (ECA) under the insurance cover provided by government of Japan.

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Topics: Energy and Power, Gas Turbines Market

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