EcoEléctrica

New Fortress Energy Signs 25-Year Agreement for 300 MW Gas Power Plant

Retrieved on: 
Monday, February 17, 2020

As part of the agreement, New Fortress will construct a natural gas-fired power plant with a capacity of approximately 300 megawatts near Puerto Sandino to supply power to Nicaraguas national electric grid.

Key Points: 
  • As part of the agreement, New Fortress will construct a natural gas-fired power plant with a capacity of approximately 300 megawatts near Puerto Sandino to supply power to Nicaraguas national electric grid.
  • New Fortress will supply natural gas to the plant via an offshore liquefied natural gas (LNG) receiving, storage and regasification terminal off the coast of Puerto Sandino.
  • New Fortress Energy is a global energy infrastructure company founded to help accelerate the worlds transition to clean energy.
  • New Fortress Energy is majority-owned by a fund managed by an affiliate of Fortress Investment Group.

New Fortress Energy Signs Contract to Supply Natural Gas to San Juan Power Plant

Retrieved on: 
Tuesday, March 5, 2019

New Fortress Energy LLC (NASDAQ: NFE) (New Fortress) announced today that its Puerto Rico subsidiary, NFEnerga LLC (NFEnerga), has entered into a contract with the Puerto Rico Electric Power Authority (PREPA) for the supply of natural gas and conversion of Units 5 and 6 of the San Juan Combined Cycle Power Plant.

Key Points: 
  • New Fortress Energy LLC (NASDAQ: NFE) (New Fortress) announced today that its Puerto Rico subsidiary, NFEnerga LLC (NFEnerga), has entered into a contract with the Puerto Rico Electric Power Authority (PREPA) for the supply of natural gas and conversion of Units 5 and 6 of the San Juan Combined Cycle Power Plant.
  • The conversion of San Juan Units 5 & 6 to natural gas will save hundreds of millions of dollars and accelerate the modernization of critical power infrastructure.
  • Natural gas power is cleaner, cheaper and is the perfect complement to renewable energy.
  • NFEnerga will supply natural gas to the power plant from its micro fuel handling facility in the Port of San Juan, which has been under development for more than a year.