NFE divests Brazilian gas power plant in $1.3bn deal
New Fortress Energy (NFE) and its Brazilian partner Ebrasil Energia have reached a deal to sell the 1.6-GW Porto de Sergipe gas-fired power plant in Brazil to local company Eneva for $1.3bn in cash, it said on June 1.
The station, located in Barra dos Coqueiros in northeast Brazil, provides baseload power to support the country's power system which is heavily dependent on seasonal hydroelectric dams. It is fed with gas that is imported at the Golar Nanook floating storage and regasification unit (FSRU), operated by NFE.
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As part of the deal, Eneva will also get rights to build a further 1.7 GW of generation capacity next to the plant. It is also taking on the facility's debt.
The transaction should be closed by the end of this year, pending approval by Eneva's shareholders and Brazil's antitrust agency, NFE said.