Port of Suape Will Receive R$ 3 Billion Investment for Installation of Liquefied Natural Gas (LNG) Power Plant

Written by Valdemar Medeiros

Published on 17/01/2021 at 09:14

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The Thermoelectric Plant Installed at the Port of Suape Already Has an Expected Operation Date for Mid-November 2021 and Investments Reach R$ 3.1 Billion

The Port of Suape will receive the installation of a thermoelectric plant powered by Liquefied Natural Gas (LNG), which will generate approximately two thousand jobs during the construction and operational phases, as well as provide even more visibility to the southern coast of Pernambuco, where the Complex is located. The execution and operation of this project will involve around R$ 3 billion in investments.

New Fortress Energy Is Leading the Project at the Port of Suape

CH4 Energy together with the American company New Fortress Energy is leading this project. Currently, New Fortress Energy is operating in countries such as Jamaica, Puerto Rico, Mexico, and Nicaragua, specifically in the fields of Liquefied Natural Gas (LNG) transportation, infrastructure, regasification terminals, power plants, and other small-scale solutions.

In addition to the thermoelectric plant that will be built in the Suape Complex, the company is already undertaking works in Ireland, which is also a Liquefied Natural Gas (LNG) terminal that will supply only industrial customers in the region.

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Liquefied Natural Gas (LNG) Thermoelectric Plant Has an Estimated Generation Capacity of 1.3 GW

According to the Pernambuco government and the companies involved in the project, the plant will have an estimated generation capacity of 1.3 GW, which is 30% more than the hydroelectric plant located in Sobradinho. At the end of the implementation of the project at the Port of Suape, there will be a large energy auction promoted by the National Electric Energy Agency and the Ministry of Mines and Energy, already scheduled to take place in the first half of 2021.

At least 30% of the investment will come from the entrepreneur, and 70% will come from development banks. The construction will occupy about 16.5 hectares within the Port of Suape, which has already secured a preliminary license issued by the Pernambuco Environmental Agency (CPRH).

Port of Suape Will Receive R$ 3 Billion Investment for Installation of Liquefied Natural Gas (LNG) Power Plant

The Thermoelectric Plant Installed at the Port of Suape Already Has an Expected Operation Date for Mid-November 2021 and Investments Reach R$ 3.1 Billion

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Liquefied Natural Gas (LNG) Thermoelectric Plant Has an Estimated Generation Capacity of 1.3 GW

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Port of Suape Will Receive R$ 3 Billion Investment for Installation of Liquefied Natural Gas (LNG) Power Plant

The Thermoelectric Plant Installed at the Port of Suape Already Has an Expected Operation Date for Mid-November 2021 and Investments Reach R$ 3.1 Billion

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Liquefied Natural Gas (LNG) Thermoelectric Plant Has an Estimated Generation Capacity of 1.3 GW

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With only 1% of Brazil’s territory, Santa Catarina has built one of the most competitive industrial parks in the country, with 64,000 companies, nearly 1 million jobs, and a growth rate of 5.3% while the national industry is practically stagnant.

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