PROJECT

Projects

Summary of Investment Information

Project Number

39652

Company Name

CENTRAIS ELETRICAS DE SERGIPE S.A.

Date SPI Disclosed

Oct 6, 2017

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Dec 7, 2017

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Mar 1, 2024

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Previous Events

Approved : Dec 14, 2017
Signed : Apr 12, 2018
Invested : Jun 21, 2018

Sector

Gas - Thermal Power Generation

Project Description

The project comprises the development construction, operation and maintenance of a 1,516 MW gas-fired combined cycle power plant sourcing its gas from a dedicated floating storage and regasification liquefied natural gas (“LNG”) import terminal, as well as the construction of power evacuation infrastructure to connect the power plant to the existing electricity transmission network (the “Project”). Centrais Elétricas de Sergipe S.A. (“CELSE” or the “Company”) is the special purpose vehicle established to undertake the Project, which will sell its capacity and energy under 25-year regulated power purchase agreements (“PPAs”) executed with 26 electrical distribution companies. The PPAs were awarded under the A-5 2015 auction organized by the Brazilian Federal Government.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation