Vale Azul II Gas-Fired Power Plant
Sector: Natural Gas • Location: Brazil
Source: World Bank Group
The project involves the construction and operation of the 565MW Vale Azul II combined-cycle plant, located in Macaé municipality, Rio de Janeiro state, Brazil. The project was awarded a 25-year PPA in Brazil's A-6 auction held in December 2017 by power regulator Aneel. The capacity which is not contracted will be negotiated on a merchant basis or through bilateral PPAs. Marlim Azul Energia SA, ow
- Status
- Prospective
- Sector
- Natural Gas, Power Generation (CCGT), Government, Residential, Commercial
- Location
- Brazil
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project involves the construction and operation of the 565MW Vale Azul II combined-cycle plant, located in Macaé municipality, Rio de Janeiro state, Brazil. The project was awarded a 25-year PPA in Brazil's A-6 auction held in December 2017 by power regulator Aneel. The capacity which is not contracted will be negotiated on a merchant basis or through bilateral PPAs. Marlim Azul Energia SA, owned by Shell (29.9%), Pátria Investimentos (50.1%) and Mitsubishi Hitachi Power Systems (20%), will develop the plant. Total cost is BRL 2.5 billion (615 million). BNDES is the sole lender of the long-term debt portion in the amount of BRL 2 billion ($492 million). Financial close was reached on 19 December 2019. The project is expected to commence operations in January 2023. https://ijglobal.com/articles/144673/bndes-finances-patrias-ccgt https://ijglobal.com/data/transaction/44334?name=Vale%20Azul%20II%20Gas-Fired%20Power%20Plant%20(565MW)&link=%2Farticles%2F142161%2Fmarlim-azul-gets-financing-with-bndes https://www.bndes.gov.br/wps/portal/site/home/imprensa/noticias/conteudo/bndes-destina-r2-bilhoes-para-implantacao-de-usina-termeletrica-a-gas-natural-proveniente-do-pre-sal/!ut/p/z1/vZXfb9owEMf_lj3k0fjyO9lbRgO0hFVbSyl5QU5iiLfETh0D238_w5DWrSPthLJIlmX7_LnzN74zTvEjTjnZsQ1RTHBS6fEy9VZJOI0nzi0k4N47EF3ZvjP3Y5gGFl4cDeDMFwFOz-93RoAfcIrTnKtGlXiZ8YK2K8ZbxdQ2P0ZgQClqagCrG0l5SwzgQrGckdaAXHBFt4Uw4LgR6aYYJ0haKGNVKfRUQyRBem9FuCI5EdoGbduDkaKyphVVkuUEEbQhLeJEbSWpUCPFjnJGNR0VQg8parUWOtAmZwVemkCpVYSAisINkWOHJiKhHpqm62Vm5hEb7JMwHSdP3yJsh0HarfviEO9zwu21HUM0GSauE0_NcWifDLr-3e-E8VViQZS4Ixh9-jiOIwsvdZD--UOaeLFjdI_nXMhaK3j3S0PfgxDyokCe6QBygFgodL0C-WtCHEuvenmGJ_DCw90HW3vwr91kHMLE8i_00H2AB69fvNsv_lJxbl5LXl0d2JenpzTSKXzIxW8KP_5TDh9cbCqR_aw0Ec_sYINTSddUUjnYSj1dKtW07w0wYL_fD470wUbsBpnUM42uAo2Q6uCjZYq-9PQ3bilaHeifuG41p4F9Xs03FYRu_K3VL97tF-_3inecC_E3r1VbfUssORvO9C1piCoR42txust9PysXJ9F_fwibel4H9neGvn4O9vfrclOvZrHtnrpqVy8CdVioh9nzbhG00bsfIv7Iqw!!/dz/d5/L2dBISEvZ0FBIS9nQSEh/ |
Original sector | Energy |
Budget |
Location
Country | Brazil |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Natural Gas, Power Generation (CCGT), Government, Residential, Commercial |
Article published date | 2024-09-27 |
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