Keppel Wins $400M Power Contract

Monday, January 14, 2002
Keppel FELS Energy has won a “take-or-pay” contract to supply electricity in northeastern Brazil. The Power Purchase Agreement (PPA) was signed between Nordeste Generation Ltda, Keppel FELS Energy’s wholly-owned subsidiary in Brazil, and Commercializadora Brasileira de Energia Emergencial (CBEE) on January 10, 2002. The PPA is on a take-or-pay basis and payments are indexed to the US Dollar, with fuel cost as a pass-through. Based on estimated contract capacities, the total revenue for the contract period is expected to exceed $400 million. The Brazilian government will guarantee all obligations of CBEE under the PPA. Under the PPA, Nordeste Generation Ltda will install and operate a 190MW Barge Mounted Power Plant at the Port of Aratu, Salvador in northeastern Brazil. Commercial operations will commence by June 2002 and end by December 2004.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

IRPT, Community College MoA on Maritime Training

The Inland Rivers, Ports and Terminals (IRPT) Trade Association announced today that it has entered into a memorandum of understanding with Lewis & Clark Community

Tanker Trends

Steel Cut for Yamal LNG Project’s Lead Tanker

A steel-cutting ceremony was held on September 29 for the lead gas tanker ordered by SCF Group for transportation of liquefied natural gas (LNG) under the Yamal LNG project.

GasLog Closes First Option Vessels Dropdown

GasLog Ltd.  announced today the closing of the sale of two modern liquefied natural gas (“LNG”) carriers, the Methane Jane Elizabeth and Methane Rita Andrea,

Cove Point LNG Export Facility Gets US FERC Approval

U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1746 sec (6 req/sec)