SPIC BRASIL signed an agreement to buy a 33% stake in the GNA I and GNA II thermoelectric plants

State Power Investment Corporation of China (SPIC) signed an agreement to buy a 33% stake in the GNA I and GNA II thermoelectric plants, with 3 GW of capacity and integrated into the LNG terminal in Porto do Açu (RJ).

– Agreement closed through the subsidiary SPIC Brasil foresees entry to the next plants of the gas and energy complex (GNA III and GNA IV), which have another 3.4 GW of capacity. The project foresees the use of LNG and national gas at the Açu gas hub.

– The closing of the operation is scheduled for the last quarter of 2020. Agreement signed with Prumo, controlled by EIG Global Energy Partners, BP and Siemens, partners in GNA – Gás Natural Açu.

– “The contract reinforces the potential of the GNA III and GNA IV expansion projects, as well as the strategy of the domestic gas hub and renewable energy projects. The total planned investment estimate for the GNA gas and energy complex is approximately US$ 5 billion “, the companies said in a note.

– SPIC Brasil operates the São Simão HPP, on the border between the states of Minas Gerais and Goiás, and the Millennium and Vale dos Ventos wind farms, in Paraíba.

Source: epbr

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