Prumo Logística, a company that develops and operates the Port of Açu, and its subsidiary Gás Natural Açu (GNA), today announced the signing an Investment Agreement with Siemens for the development and operation of the UTE GNA I a gas fired combined cycle power plant, the LNG Regasification Terminal of the Açu and other potential projects in the Port of Açu Industrial Complex.
Under the agreement, Siemens will acquire, for US $ 21 million, 33% of GNA INFRASTRUCTURE, a joint venture that will be linked to Gás Natural Açu (GNA) and responsible for the development of Açu Gas Hub infrastructure projects.
“The agreement with Siemens brings to our business the experience of a world-class company, leader in the energy sector. In addition, this is the first step towards the realization of Açu Gas Hub, which represents a unique infrastructure solution in Brazil that will allow the supply of LNG, domestic natural gas and electricity to the Brazilian market. With the gas supply, we will be even more attractive to new industrial customers, contributing to accelerate the occupation of our industrial complex”, comments José Magela, president of Prumo Logística.
DSC_0075.JPGPhase 1 of the Gas Hub will count on the UTE GNA I, a gas fired combined cycle power plant of near 1.300 MW, and the LNG Regasification Terminal, with capacity to import natural gas for the UTE GNA I and future power plants, and other potential projects within the Port of Açu Industrial area. In addition, Siemens will have a 33% direct stake in the power plant and LNG Terminal.
Located strategically in the north of the State of Rio de Janeiro, Açu Gas Hub will be composed of 6,400 MW (licensed) of power plant generation with natural gas; LNG import and storage terminal; Natural gas processing unit; and gas pipelines that will connect the enterprise to the transport network and production fields.
The Agreement is subject to compliance with certain conditions precedent, including the relevant regulatory approvals, the approval of the Business Plans for the development of the Açu Gas Hub facilities, the execution of the EPC (Engineering, Procurement and Construction) contract, the execution of the LTSA (long-term service agreement) comprising of maintenance services and spare-parts to guarantee the power plant performance and availability, the execution of an O&M contract for the power plant and a formal equity commitment for the development of the UTE GNA I and LNG Regasification Terminal, in a proportion of 67% for GNA and 33% for Siemens.
The transaction is the result of an exclusivity agreement for UTE GNA I, signed in June between the companies.
In the same month, Prumo also announced the signing of an exclusivity agreement with BP for the supply of UTE GNA I. The document provides that the company will have a 30% stake in Gás Natural Açu (GNA) – a wholly owned subsidiary of Prumo Logística and the company responsible for the development of the Açu Gas Hub and related infrastructure. In addition, BP will also have 50% of another company to be formed, which will be responsible for contracts for the purchase and sale of energy.
In addition, the company also signed a contract in June for the transfer of the Authorization and PPA’s (Power Purchase Agreement) from Novo Tempo UTE to GNA.