What is the latest status of the project “Termoceara”?

The status recorded for “Termoceara” is cancelled.

Who are the main government, EPC, and private stakeholders for “Termoceara”?

Taiyo maps the stakeholders of “Termoceara”: government bodies (World Bank Group).

What is the budget and commercial profile for the project “Termoceara”?

Taiyo normalizes the budget of “Termoceara” to USD 120000000.

Where can I verify the source and access all details for “Termoceara”?

This Taiyo project page references World Bank Group along with the original URL (https://ppi.worldbank.org/en/snapshots/project/termoceara-3201). Taiyo standardizes official data into a consistent, searchable project profile.

Termoceara

Sector: Commercial • Location: Brazil

Source: World Bank Group

Project

Cancelled

The project comprised construction and operation of a 216 MW thermal power plant located in the port of Pecem, Ceara State. The first phase of the project (100 MW) started operations in July 2002.

TermoCeara plant was owned by MPX Participacoes. MPX was owned by Brazil's EBX Capital Partners (51%) and MDU Resources International, a subsidiary of US Montana Dakota Utilities (49%).

TermoCeara

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

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Project Information

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The project “Termoceara” 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	Closed
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The project comprised construction and operation of a 216 MW thermal power plant located in the port of Pecem, Ceara State. The first phase of the project (100 MW) started operations in July 2002. TermoCeara plant was owned by MPX Participacoes. MPX was owned by Brazil's EBX Capital Partners (51%) and MDU Resources International, a subsidiary of US Montana Dakota Utilities (49%). TermoCeara was a part of a priority program for thermal power plants (Programa Prioritario de Termeletricas), implemented by the Brazilian federal government in 2000. The program, in order to foster the construction of thermal power plants, guaranteed natural gas supply for 20 years, provided financing for the construction of the plants (through the Brazilian Development Bank, BNDES) and providee subsidies for gas transportation costs. TermoCeara signed a 65-month take-or-pay PPA contract with Petrobras, a state-owned company, to sell the total energy produced. In January 2005, Petrobras suspended contingency payments to TermoCeara arguing that the contract was originally intended to smooth out cash-flow volatility, not to shore up consistent operating deficits. After arbitration between the parties started, Petrobras decided to acquire TermoCeara. In June 2005 Petrobras’ board approved the purchase for US$137 million. update - acquired by petrobras
Original sector	Energy
Budget

Location

Country

Brazil

Source

Source	World Bank Group
URL

More Details

Record type	Project
Sector	Commercial, Natural Gas, Geothermal, Power Generation (CCGT), Seaport, Power Transmission, Government
Article published date	2024-09-26

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