The Brazilian energy company Eneva, through its subsidiary Azulão Geração de Energia SA, has secured a BRL1 billion (US$210.63 million) bank financing from Banco da Amazônia to fund the development of the Azulão-Jaguatirica Integrated Project.
The Azulão-Jaguatirica Integrated Project represents about BRL1.8 billion (US$384.25 million) of investment comprises of the 132 MW Jaguatirica II combined cycle thermal power plant in Boa Vista, Roraima and the infrastructure for the production and supply of gas from Campo de Azulão, in the Amazonas Basin.
The Azulão Field is a natural gas onshore field located in the Amazon Basin that is approximately 300 km east of Manaus. The extracted gas will be delivered to the Jaguatirica II TPP that about 1,100 km from the gas field.
In 2021, it is expected that the gas field will start to produce and will supply LNG through the virtual pipeline. The Jaguatirica II TPP is expected to commence operation by June of the same year.
