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.