A Brazilian subsidiary of China’s State Power Investment Corp (SPIC) is to acquire a 33% stake in two Gas Natural Acu (GNA) plants - the largest LNG power project in Latin America.
The closing of the deal between SPIC Brasil and GNA, a Brazilian joint venture between BP, Siemens and Prumo Logística, is scheduled for the fourth quarter of this year, subject to the fulfilment of conditions, the companies said.
The complex located at the Port of Açu, in Rio de Janeiro, includes an LNG terminal, which is able to process 21 mill cu m of LNG per day. Brazil mainly uses imported gas for power generation.
SPIC Brasil has also entered into an agreement to participate in the future expansion of two other power plant projects, known as GNA III and GNA IV, which are expected to be fuelled by a combination of LNG and domestic gas from Brazil’s deep-water pre-salt fields.
