BNDES funds Marlim Azul power plant

BNDES funds Marlim Azul power plant

Project & Infrastructure Finance Loans Energy Electricity Debt Brazil

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%

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