Billion-Dollar Investment – 3,000 Jobs Could Be Created in Thermal Power Plant Project in Espírito Santo

With R$ 6 Billion in Investments, Petrocity Energy’s Thermal Power Plant Project Advancing in Espírito Santo Can Generate Three Thousand Jobs

Petrocity Energy, a privately held company, is working on a thermal power plant project with a capacity of 1.8 GW in the municipality of São Mateus, State of Espírito Santo. The venture is expected to create 3 thousand jobs and will receive an investment of R$ 6 billion. With these numbers, the project will have a positive impact on the state’s economy.

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Ronaldo Badin, president of Petrocity Energy, stated that “The presence of the power plant will bring energy security to the whole region, along with transportation modes, development, and labor. The thermal plant is a development anchor for the entire region,” while discussing the importance of the project.

The company president also added that the technical projects for the thermal plant are already quite advanced and is awaiting the preliminary approval of the plant at the beginning of next year, which will allow participation in energy auctions. The interviewee also mentioned research on supplying natural gas to factories and hiring local labor.

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Technical Part of the Project:

“In terms of the technical aspect, we are developing the project, which is in a very advanced phase. We are receiving technical support from Mitsubishi Power, as we are dealing with a large-scale power plant. Our thermal plant is designed in three modules of 600 MW, totaling 1.8 GW of power. To give you an idea, this represents the entire consumption of the state of Espírito Santo and still leaves some surplus. The energy from the plant will be sold in an auction and 100% sold to the National Integrated System (SIN). The forecasted gas consumption for this project is 7 million cubic meters per day. For comparison, the entire state of Espírito Santo consumes a little over 2 million cubic meters per day.”

Licensing and Start of Construction:

“We should have the Preliminary License by the beginning of the year. From there, we intend to participate in the upcoming auctions that will take place next year. Then, participating in this auction and winning, we will start the construction a year later.”

Investment and Economic Development:

“It is an investment of R$ 6 billion. You can imagine the economic impact on the region. This thermal plant in the northern position of Espírito Santo will be imperative for the region’s development. The presence of the power plant will bring energy security, along with transportation modes, development, and will generate many jobs. The thermal plant is a development anchor for the entire region.“