Golar LNG Limited announced that Golar Power Limited has reached financial closing on the 1.5GW Porto de Sergipe I Power Project. Located in Sergipe, NNE of Brazil, the Project will be the most efficient thermoelectric power plant in Latin America and the Caribbean upon its completion. CELSE will receive $1.340 billion under a non-recourse project financing structure. Total proceeds from the financing will be used to fund remaining capital expenditures of the Project, including: the 1.5GW Power Plant, a dedicated 34km 500KV high-voltage transmission line, and associated gas pipeline and mooring infrastructure required for the integrated LNG import terminal facility. In connection with financial close of the Project, Golar Power has also executed final agreements with CELSE to charter the Golar Nanook, a fully customized new-build 170,000m(3) FSRU, for 26 years.