US LNG player New Fortress Energy has finalized an EPC contract with a consortium formed by Mitsubishi Power Americas and Andrade Gutierrez for a 1.6 GW power plant to be built adjacent to the Barcarena LNG terminal in Brazil.
NFE has also issued full notice to proceed to the MHI/AG consortium to begin construction work under the contract, it said in a statement on Wednesday.
The power plant will provide firm power capacity under the previously announced 15-year capacity reserve contract that NFE acquired from Denham Capital and Ceiba Energy, which closed in March 2024.
Under the terms of the fixed-price, date-certain EPC contract, construction activities for the thermal power plant are already in progress with commercial operations projected to start no later than August 2026. NFE said.
The power plant will operate under the 15-year agreement with the Brazilian Chamber of Electric Energy Commercialization.
During the first quarter, NFE completed construction and commissioning of both the Barcarena and Santa Catarina “TGS” FSRU-based LNG terminals.
The Barcarena LNG terminal features the 160,000-cbm FSRU, Energos Celsius, while the 138,250-cbm FSRU Energos Winter serves the Santa Catarina LNG terminal.
Along with the existing 630 MW power plant and 25-year agreement, the Barcarena LNG terminal will now host and supply LNG to more than 2,200 MWs of power capacity owned by NFE, as well as supply natural gas to Norsk Hydro’s Alunorte alumina refinery under a 15-year contract which started in Q1 2024.