IFC is providing a USD 200M, 15-year financing to CELSE – Centrais Elétricas de Sergipe for the development, construction, and operation of the Port of Sergipe thermal power plant. IFC’s financing is supporting the diversification of Brazil’s energy matrix and the increase in access to reliable and affordable power.
The Port of Sergipe project comprises a liquefied natural gas (LNG) terminal with a 170,000 cm floating storage regasification unit (FSRU), a 6.5 kilometer natural gas pipeline, a 1,516 megawatt combined-cycle gas turbine (CCGT) power plant, and a 33 kilometer electricity transmission line. Its annual electricity generation will be equivalent to approximately one million individual residential consumers reached.
Through this investment, IFC is supporting power generation diversification, enhancing system resilience, and contributing to lower electricity prices with a lower carbon footprint than the prevailing alternatives. The Port of Sergipe project accomplishes this objective directly, by increasing Brazil’s natural gas-fired capacity, but also indirectly, by facilitating increased penetration of intermittent renewable energy.