The Portocem LNG Power Project is 1,600MW gas fired power project. It is planned in Ceara, Brazil. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2026. Buy the profile here.
Description
The project is being developed and currently owned by Ceiba Energy. The company has a stake of 100%.
It is a Gas Turbine power plant.
The project cost is expected to be around $750m.
The Gas fired project consists of 4 gas turbines.
Development status
The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2026.
Power purchase agreement
The power generated from the project will be sold to Ceiba Energy under a power purchase agreement for a period of 15 years.
For more details on Portocem LNG Power Project, buy the profile here.
About Ceiba Energy
Ceiba Energy (Ceiba) is a developer of power generation assets that focuses on renewable generation and capacity-firming, low-carbon generation to support the growth of renewables to deliver affordable and clean energy. Ceiba is headquartered in Houston, Texas, the US.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
