New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) today announced the execution of a 20-year gas supply agreement (“GSA”) with Energiza to provide natural gas to a 478 MW combined-cycle power plant being developed in San Juan, Puerto Rico, located adjacent to NFE’s existing San Juan LNG import terminal. The Energiza power plant will be the first power plant constructed in Puerto Rico since 1995 and is expected to commence operations in 2028.
“The long-term partnership between Energiza and NFE will greatly benefit Puerto Rico and we’re excited to be part of this historic milestone,” said Wes Edens, Chairman and CEO of New Fortress Energy. “This power plant will serve as a much-needed cleaner, reliable, and efficient power source to enhance Puerto Rico’s aging power system.”
