New Fortress (NFE) Advances Construction of 1.6GW Power Plant [Yahoo! Finance]
New Fortress Energy Inc. - Class A (NFE)
Last new fortress energy inc. - class a earnings: 3/4 12:02 am
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Source: Yahoo! Finance
construction contract (EPC Contract), awarded to a consortium formed by Mitsubishi Power Americas and Andrade Gutierrez, otherwise known as the MHI/AG Consortium. The EPC contract was associated with the construction of a 1.6 GW power plant, next to the Barcarena LNG terminal in Brazil. The consortium has received a full Notice to Proceed from New Fortress to start the construction work, per the terms of the contract. NFE stated that the power plant will provide firm power capacity under the 15-year capacity reserve contract that was obtained from Denham Capital and CEIBA Energy. The contract was closed in March 2024. Per the terms of the fixed-price EPC contract, construction activities for the thermal power plant have already commenced with commercial operations slated to begin no later than August 2026. The new power plant is expected to operate according to the 15-year agreement with the Brazilian Chamber of Electric Energy Commercialization. In the first quarter of 2024, Ne
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NFE
Earnings
- 2/29/24 - Beat
NFE
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- NFE's page on the SEC website