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New Fortress Energy Postpones Nicaragua Gas Plant Startup to 2027

New Fortress Energy logoNew Fortress Energy
Sig3.65Sen-4.25Env-1.15Soc-1.30Gov-2.05

New Fortress Energy pushed back its Nicaragua natural gas power plant start date from 2021 to the first half of 2027 and is evaluating whether to sell electricity into the regional market. The delay follows a U.K. court-approved debt restructuring plan aimed at avoiding bankruptcy and the company’s efforts to gain U.S. recognition of that plan.

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