Engie will restart the sale of Pampa Sul coal-fired power plant (Brazil)

9 Aug 2019

Engie Brasil Energia plans to restart the sale of its 340 MW Pampa Sul coal-fired power plant in the state of Rio Grande do Sul in southern Brazil, which was commissioned in late June 2019. China State Power Investment Corp (SPIC) would be interested in the power plant, which could be sold to the Chinese group for BRL 800m - BRL 1bn (US$200-250m).

Engie was awarded the Pampa Sul project in December 2014 in the framework of the 2014 A-5 auction (for projects to be commissioned by 2019) and considered to expand it later to 680 MW. However, the group revised its global strategy in 2015 and decided to exit of all its coal-fired power generation assets. In Brazil, Engie shut down its 36 MW Charqueadas coal-fired power plant in 2016 and is in the process of selling the 857 MW Jorge Lacerda and 340 MW Pampa Sul coal-fired power plants.

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