Brazil's LNG-to-power project sounds out banks for phase two

Sponsors of phase one for the $1.2 billion 1,338MW UTE Geracao de Energia (GNA I) LNG-to-power project in Brazil – Prumo Logistics, BP and Siemens – are sounding out banks to finance the second stage of the scheme.The SPV (UTE GNA 1), financed on a debt-to-equity of 64:36, was set-up to...