Petrobras about the TermoCamacari Thermal Power Plant

Source: www.gulfoilandgas.com 3/16/2021, Location: Asia

Petrobras informs that the Brazilian Electricity Regulatory Agency (Aneel) approved, on this date, the revocation of the concession for the ThermoCamaçari Thermal Power Plant (UTE TermoCamaçari), located in the state of Bahia. Additionally, Petrobras is negotiating with Proquigel Química S.A., a company that is part of the Unigel Group, to lease the unit.

The company had already been looking for alternatives for the thermal power plant, such as the sale of the unit's stake under the strategic alliance signed with Total S.A. in December 2016, but which was not concluded. It had also made efforts in the search for energy commercialization contracts, since the unit has not had a fixed electric power commercialization contract since January 2018.

The lease is aligned with Petrobras' strategy in the gas and energy segment, with a focus on operating competitively in the commercialization of its own gas and in the optimization of the thermal power portfolio for self-consumption, aiming to maximize value for its shareholders.

About UTE TermoCamacari
UTE TermoCamaçari is a natural gas-fired thermal power plant located in Camaçari, Bahia, with an installed capacity of 120 MW. Until before the revocation of the concession, the unit operated on demand, based on the decisions of the National Electric System Operator (ONS).

About Proquigel
Proquigel is a subsidiary of Unigel, whose main product lines are: acrylonitrile, methacrylate, products for mining and fertilizers, and is the largest national producer of ammonium sulfate. In 2019, the company leased from Petrobras the nitrogen fertilizer plants in Bahia (Fafen-BA) and Sergipe (Fafen-SE) from Petrobras.


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