December 23, 2019
Brazil's national development bank BNDES said it has granted a BRL2 billion ($488 million) loan to fund construction of a 565 MW thermoelectric power plant in Macaé in the state of Rio de Janeiro.
Marlim Azul Energia, a joint venture with Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS), plans to invest BRL2.5 billion to build the gas-powered plant, with operations slated to start in January 2023. Pátria owns 50.1% of the Marlim Azul, while Shell has 29.9% and MHPS has 20%
Brazil's national development bank grants a $488 mln loan to Pátria, Shell and Mitsubishi Hitachi for the thermoelectric plant in Rio de Janeiro