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Barcarena CCGT Power Plant

Sector: Wind • Location: Brazil

Source: World Bank Group

Project
Active

This project involves the construction of the Barcarena Combined cycle gas turbine power plant, located in Barcarena municipality, state of Para, Brazil. The planned generated capacity is 630 MW. The sponsor for this initiative is the USA based New Fortress Energy (NFE). The plant is already under construction by Mitsubishi and Toyo Setal companies. This initiative is supported by a 25-year power

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The project “Barcarena CCGT Power Plant” is an infrastructure initiative in the Wind sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project involves the construction of the Barcarena Combined cycle gas turbine power plant, located in Barcarena municipality, state of Para, Brazil. The planned generated capacity is 630 MW. The sponsor for this initiative is the USA based New Fortress Energy (NFE). The plant is already under construction by Mitsubishi and Toyo Setal companies. This initiative is supported by a 25-year power purchase agreement with several electricity distribution companies operating in Brazil. The Barcarena CCGT plant is expected to reduce the greenhouse gas emissions of Brazil by over 2 million tons per year. The total project cost is $575m funded by the Brazilian Development Bank (BNDES) with a $370m loan, and the rest from the Lumina Capital Management and BTG Pactual Asset Management. The financial close date is November 8th, 2023. https://ippjournal.com/news/financing-close-announced-for-630-mw-combined-cycle-gas-turbine-power-plant-in-brazil https://x.realfin.com/transaction/212408/barcarena-ccgt-power-plant-630mw https://www.nsenergybusiness.com/news/new-fortress-energy-barcarena-power-plant/ https://www.ijglobal.com/articles/176634/nfe-secures-financing-for-brazilian-power-plant

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