Puerto Sandino LNG Power Plant

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Puerto Sandino LNG Power Plant (Central Eléctrica Puerto Sandino) is 308-megawatt (MW) gas-fired power station, under construction in León department, Nicaragua.

Location

The map below shows the approximate location of the power station in Puerto Sandino, León department, Nicaragua.

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Project Details

  • Sponsor: New Fortress Energy[1]
  • Parent company: New Fortress Energy[2]
  • Location: Puerto Sandino, León, Nicaragua
  • Coordinates: 12.1780, -86.7610 (approximate)[3]
  • Gross generating capacity (construction[4][5][6]): 308 MW

Background

In 2020 New Fortress Energy announced plans to construct an LNG-to-power project on Nicaragua's Pacific coast, comprising the Puerto Sandino power station and the adjacent Puerto Sandino FSRU LNG Terminal.[1] The American company NFE Nicaragua Development Partners LLC was to be responsible for construction of the power station at a cost of $700 million.[9] Plans called for the plant be connected to the national electrical network (SIN).[9] Early announcements described the plant as a 300 MW combined cycle plant[1]; however, more recent reports indicate the plant may be powered by seven 44 MW gas turbines in an open cycle configuration.[6][7]

In February 2020, New Fortress Energy signed a 25 year Power Purchase Agreement (PPA) with Nicaraguan electrical distributors.[10] By March 2021, New Fortress Energy reported that the project was under development[11], and in April 2021 the first turbines and electromechanical equipment for the plant arrived at Puerto Sandino.[9][12] In July 2021, New Fortress secured an LNG supply agreement through the end of 2027 for the power station.[13]

The power plant was originally expected to be operational in the second half of 2021[9][14][15], but commissioning has repeatedly been delayed.[16] In October 2021, New Fortress Energy's operations manager in Nicaragua reported that the project was 85% complete and preparing to enter a testing phase.[6][17] However, as of November 2022, New Fortress Energy's most recent filings with the US Securities and Exchange Commission indicated that the project was still under construction[4][5], as did a February 2022 report published by the IEEFA.[18] Meanwhile, a March 2022 Nicaraguan news report indicated that the plant was unlikely to begin operating before the end of 2022, due to a variety of logistical, legal and political complications.[8]

Articles and Resources

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 "LNG Leading the Central American Switch as Pacific Coast Import Plans Materialize". Natural Gas Intelligence. October 7, 2020. Archived from the original on November 30, 2020. Retrieved May 14, 2021.
  2. "Stock quote & chart". New Fortress Energy. Archived from the original on May 12, 2021. Retrieved May 7, 2021.
  3. "LNG Power Plant in Nicaragua – Gas Turbines Arrive". Precious Timber. April 30, 2021. Archived from the original on May 13, 2021. Retrieved May 14, 2021.
  4. 4.0 4.1 "Form 10-K: New Fortress Energy Inc". US Securities and Exchange Commission. February 28, 2022.{{cite web}}: CS1 maint: url-status (link)
  5. 5.0 5.1 5.2 "Form 10-Q: New Fortress Energy (pp 42, 54)". US Securities & Exchange Commission. September 30, 2022.{{cite web}}: CS1 maint: url-status (link)
  6. 6.0 6.1 6.2 6.3 6.4 6.5 "Nueva Planta de Gas Natural de Nicaragua, entrará en operaciones proximamente". Enatrel * YouTube. October 7, 2021.{{cite web}}: CS1 maint: url-status (link)
  7. 7.0 7.1 "Electricity in Nicaragua – "New Plant Ready by November 2021"". Nica Biz. October 7, 2021.{{cite web}}: CS1 maint: url-status (link)
  8. 8.0 8.1 "Planta de gas New Fortress Energy sigue en el limbo después de dos años". Confidencial. 2022-03-09.{{cite web}}: CS1 maint: url-status (link)
  9. 9.0 9.1 9.2 9.3 "Llegan turbinas de empresa de EEUU a Nicaragua para generar energía a gas". SWI swissinfo.ch. April 30, 2021.
  10. "New Fortress Energy Firma Acuerdo por 25 Años para Central Eléctrica a Gas Natural de 300 MW". Business Wire. February 17, 2020.
  11. "Q4 2020 Investor Presentation". New Fortress Energy. March 2021.{{cite web}}: CS1 maint: url-status (link)
  12. "Llegan a Nicaragua las primeras turbinas de generación eléctrica de la empresa New Fortress". YouTube. April 29, 2021.{{cite web}}: CS1 maint: url-status (link)
  13. "New Fortress to launch LNG project in Nicaragua | Argus Media". Argus Media. July 9, 2021.{{cite web}}: CS1 maint: url-status (link)
  14. "Annual Investor Update". New Fortress Energy. July 2021.{{cite web}}: CS1 maint: url-status (link)
  15. "New Fortress Energy". Enatrel. Retrieved 2022-03-14.{{cite web}}: CS1 maint: url-status (link)
  16. "New Fortress Energy builds gas plant, risks involvement with sanctioned parties". Confidencial. October 1, 2021.{{cite web}}: CS1 maint: url-status (link)
  17. "New Fortress Energy: Más del 85 % de avance en construcción de planta de gas - Nicaragua". TN8 / YouTube. October 5, 2021.{{cite web}}: CS1 maint: url-status (link)
  18. "New Fortress Energy: Promises to Keep" (PDF). IEEFA. February 2022.{{cite web}}: CS1 maint: url-status (link)