Petrobras Sold Three Oil-Fired Power Plants in Bahia for R$ 61 Million Yesterday (12/06)

Written by Flavia Marinho

Published on 07/12/2021 at 11:32

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Sale of Fuel Oil Power Plants in Bahia Is Part of Petrobras’ Investment Plan in Deep and Ultra-Deep Oil Exploration and Production Projects

Petrobras announced last night (12/06) in a relevant fact to the market that it has completed the sale of three fuel oil power plants located in Camaçari, Bahia (UTEs Polo Camaçari), to São Francisco Energia, a subsidiary of Global Participações em Energia (GPE).

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According to Petrobras’ statement, after meeting the precedent conditions, the transaction was completed with a payment of R$ 61 million to the state-owned company, already considering the adjustments provided for in the sales contract.

About the Power Plants

The power plants, UTEs Polo Camaçari, are Petrobras assets and include the Arembepe, Bahia 1, and Muricy plants, with a total installed capacity of 329 MW. The plants operate with fuel oil and have energy marketing contracts in the regulated market valid until December 2023 for the Arembepe and Muricy UTEs and until December 2025 for the UTE Bahia 1.

About GPE

GPE has been operating in the energy generation sector since 2001, now managing ten plants located in the states of Rio Grande do Norte, Amazonas, Tocantins, and Bahia. It has extensive experience in the operation of fuel oil power plants, making the acquisition of the Arembepe, Muricy, and Bahia 1 UTEs strategic in expanding its generation asset portfolio, especially in Bahia, where it already operates two similar plants.

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Petrobras Sold Three Oil-Fired Power Plants in Bahia for R$ 61 Million Yesterday (12/06)

Sale of Fuel Oil Power Plants in Bahia Is Part of Petrobras’ Investment Plan in Deep and Ultra-Deep Oil Exploration and Production Projects

Read Also

About the Power Plants

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Petrobras Sold Three Oil-Fired Power Plants in Bahia for R$ 61 Million Yesterday (12/06)

Sale of Fuel Oil Power Plants in Bahia Is Part of Petrobras’ Investment Plan in Deep and Ultra-Deep Oil Exploration and Production Projects

Read Also

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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