Ceiba Energy is developing the Portocem LNG-to-Power project in Brazil
Project: Portocem LNG-to-Power Development
Location: Northeast Brazil
Project Details
- Combined Cycle Power Plant
Project Partners
- Ceiba is developing the project with Rio Energy, also a Denham-backed company. Rio Energy is an established renewable energy developer in Brazil with 629 MW in PPAs and 2.4 GW in the development pipeline
- Partnered with global gas supply & transportation and energy marketing & LNG shipping companies
- EPC services to be provided by leading global OEM and construction firms
Plant Site Characteristics
- Site permitted for ~2.2 GW, with provisional environmental license approved
- Ideal location to connect to existing port (15 km away) for gas pipeline and water intake/discharge
- Port already set up for LNG, currently operating with an FSRU
- Transmission line ~5 km to existing substation
Project Benefits
- 1) The plant will provide reliable and firm electricity for the region
- 2) Up to 1,000 jobs created during construction period, and up to 75 employees during operations phase
- 3) Project will provide economic benefits to the region
- 4) Provides foundation for future gas market locally
- 5) Complement the existing renewable energy base in the region
