Extension of Power Purchase Agreement for an Additional 15 Years in the United Arab Emirates (UAE)
Japan, May 2 -- Sumitomo Corporation ("Sumitomo") announces that we have signed a new power purchase agreement (PPA) with Emirates Water and Electricity Company (EWEC), a leading company in the integrated planning, purchasing, supply, and system despatch services of water and electricity across the UAE, extending the existing contract for an additional 15 years for a natural gas-fired power generation project at Shuweihat S1 power plant (hereinafter, the "Project") with plant reconfiguration work, with the partners Abu Dhabi National Energy Company PJSC ("TAQA"), (Head Office: Abu Dhabi, UAE; Group CEO: Jasim Husain Thabet) a diversified utilities and energy group, and ENGIE (Head Office: France; CEO: Catherine MacGregor), a French energy a...
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