The US energy company New Fortress Energy (NFE) has finalised an engineering, procurement and construction (EPC) contract with a consortium of Mitsubishi Power Americas and Andrade Gutierrez and officially launched the construction of a 1.6 GW gas-fired power plant near the Barcarena LNG terminal in Para (north-eastern Brazil). Construction works are already under way and commercial operations are expected by August 2026. The power plant will import LNG from the Barcarena LNG terminal, which was commissioned earlier in 2024, will provide firm power capacity under a 15-year Capacity Reserve Contract that NFE acquired from Denham Capital and CEIBA Energy in March 2024 and will sell its power generation to the Brazilian Chamber of Electric Energy Commercialization (CCEE) under a 15-year power purchase agreement.
The project will be located near a 630 MW gas-fired power plant, which secured financing in late 2023 and is scheduled to begin operations in the third quarter of 2025, under a 25-year power purchase agreement (PPA) with several electricity distribution companies in Brazil.
In 2022, gas-fired power plants (17 GW) accounted for 8.5% of Brazil's installed capacity (dominated by hydropower with 53 GW) and around 6% of the country's power generation (less than 5% in 2023).
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