08NOV2019 - NEWS - LNG-to-power project sets stage for ‘energy hub’ in north Brazil

A Golar LNG joint venture has been awarded a 25-year power purchase agreement (PPA) for an LNG-to-power project using a floating storage regasification unit (FSRU), setting the stage for a new ‘energy hub’ in north Brazil

Golar Power Limited, a 50-50 joint venture with Stonepeak Infrastructure Partners, was awarded the PPA to construct a 605-MW combined cycle thermal power plant by the Brazilian National Electric Energy Agency.

The LNG-to-power project will be developed by Centrais Eletricas Barcarena, a company 50% controlled by Golar Power. Located in Barcarena in the Brazilian state of Pará, the 605-MW power plant will use imported LNG to generate electricity using H-Class gas turbines. The power will then be distributed to the Brazilian national electricity grid through an existing substation.