Golar LNG has progressed its second LNG-to power project in Brazil by signing a power purchase agreement (PPA) for a development in Barcarena in Para state that will utilise a floating storage and regasification unit.
The company said its Golar Power arm, which is a 50-50 joint venture with Stonepeak Infrastructure Partners, has been awarded a 25 year PPA for the construction of a 605MW combined cycle thermal power plant after an auction held by the Brazilian National Electric Energy Agency.
