China’s SPIC buys into Brazilian LNG power project

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By Mirza Duran A unit of China’s State Power Investment Corporation has purchased stakes in two plants as part of a Brazilian LNG-to-power project located in Rio De Janeiro.

GNA I (Image: Gas Natural Acu)

SPIC Brasil entered the deal with the project operator, Gas Natural Acu.

GNA is a venture consisting of UK’s energy giant BP, Germany’s engineer Siemens, and Prumo. The Brazilian private company is controlled by US-based EIG Global Energy Partners.

Under the new deal, SPIC will buy 33% stake of the GNA I and GNA II LNG-fueled power plants located in Port of Acu.

The GNA partners expect the closing of the deal

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