What is the latest status of the project “Maracanau II Thermal Power Plant”?

The status recorded for “Maracanau II Thermal Power Plant” is Cancelled.

Who are the main government, EPC, and private stakeholders for “Maracanau II Thermal Power Plant”?

Taiyo maps the stakeholders of “Maracanau II Thermal Power Plant”: government bodies (World Bank Group).

What is the budget and commercial profile for the project “Maracanau II Thermal Power Plant”?

Taiyo normalizes the budget of “Maracanau II Thermal Power Plant” to USD 93800000. The procurement structure is Public-Private Partnership (PPP).

Where can I verify the source and access all details for “Maracanau II Thermal Power Plant”?

This Taiyo project page references World Bank Group along with the original URL (https://ppi.worldbank.org/en/snapshots/project/maracanau-ii-thermal-power-plant-6039). Taiyo standardizes official data into a consistent, searchable project profile.

Maracanau II Thermal Power Plant

Sector: Commercial • Location: Brazil

Source: World Bank Group

Project

Cancelled

The Brazilian company Lambari Geradora de Energia S.A., a partnership of the Brazilian companies Thermes and Cibe Participacoes (shareholders: Grupo Equipav, 50%; Grupo Bertin, 50%), was granted an authorization to build the 73.7-MW thermoelectric power plant (natural gas) named UTE Maracanau II located in the state of Ceara. The 35-year contract was signed with the regulatory agency ANEEL in Marc

Status: Failure
Sector: Commercial, Natural Gas, Geothermal, Power Generation (CCGT), Government
Location: Brazil
Updated: 22 Jul 2026
Source: World Bank Group

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Project Information

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The project “Maracanau II Thermal Power Plant” is an infrastructure initiative in the Commercial sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status	Cancelled
Taiyo status	Failure
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The Brazilian company Lambari Geradora de Energia S.A., a partnership of the Brazilian companies Thermes and Cibe Participacoes (shareholders: Grupo Equipav, 50%; Grupo Bertin, 50%), was granted an authorization to build the 73.7-MW thermoelectric power plant (natural gas) named UTE Maracanau II located in the state of Ceara. The 35-year contract was signed with the regulatory agency ANEEL in March 2008. Lambari Geradora de Energia S.A. committed to invest US$ 93.8 million (BRL 153 million). In April 2011, the company signed a loan contract with SUDENE (the Brazilian northeastern region development agency) worth US$ 42.9 million (BRL 70 million). The company won the bidding for purchase power agreements to sell the electricity to the grid starting in 2011. Construction works were underway, as of August 2011. Due to delays in the implementation of the project, the regulatory agency cancelled the concession contract in December 2012 and applied the due penalties.
Original sector	Energy
Procurement method
Budget

Location

Country

Brazil

Source

Source	World Bank Group
URL

More Details

Record type	Project
Sector	Commercial, Natural Gas, Geothermal, Power Generation (CCGT), Government
Article published date	2024-09-20

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