New Fortress Energy announced yesterday that it has signed a 25-year Power Purchase Agreement with Distribuidora de Electricidad del Norte, S.A. and Distribuidora de Electricidad del Sur, S.A., Nicaragua’s electricity distribution companies. New Fortress will construct a 300-megawatt natural gas-fired power plant near Puerto Sandino to supply power to Nicaragua’s national electric grid. It is the first natural gas-fired electric plant to get built in the country. New Fortress will provide approximately 700,000 gallons (60,000 MMBtu) per day of LNG to power the plant. Guess where most, if not all, of the LNG will come from?
