New Fortress Energy Closes Financings to Fully Fund 630 MW Barcarena Power Plant; Barcarena LNG Import Terminal to Commence Operations at Year End 2023
These financings will be used to complete construction of our 630 MW Barcarena power plant, which is approximately 37% completed pursuant to a fixed-price, date-certain EPC contract with Mitsubishi and Toyo Setal.
- These financings will be used to complete construction of our 630 MW Barcarena power plant, which is approximately 37% completed pursuant to a fixed-price, date-certain EPC contract with Mitsubishi and Toyo Setal.
- The power plant, located adjacent to NFE’s LNG import terminal at the mouth of the Amazon river, is on schedule to commence operations in the third quarter of 2025 under a 25-year power purchase agreement (PPA) with several electricity distribution companies in Brazil.
- This power plant will contribute to our portfolio of contracted, long-term cash flows in Barcarena beginning in the third quarter of 2025.
- This will follow contracted cash flows at our Barcarena terminal from Norsk Hydro and Gás do Pará that commence at year end 2023," said Andrew Dete, Managing Director of New Fortress Energy.