Golar Power Secures 25-Year FSRU Charter Deal

Golar Power, a join venture company between LNG shipping firm Golar LNG Limited and private equity firm Stonepeak Infrastructure Partners, has secured a long-term charter deal for the Floating Storage and Regasification Unit (FSRU) Golar Nanook.

The contract for the 25-year charter was entered into in connection with the Final Investment Decision on the Porto de Sergipe Project under which the US-based firm General Electric was hired to build, maintain and operate a 1.5 GW combined cycle power plant in Brazil.

The 170,000 m3 Golar Nanook, which features a length of 292.5 meters and a width of 43.4 meters, is scheduled for delivery in November 2017.

The annual EBITDA contribution for Golar Power is currently projected to be USD 39 million with upside potential for Golar Power from FSRU capacity not utilised by the Sergipe power plant, the company said.

Located near Aracaju, the state capital of Sergipe, the 1,516 megawatt power station will be the largest thermal power station in South America, Golar Power said. The project is expected to supplement hydropower during dry seasons and help meet growing demand for electricity in the region.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >