RIO DE JANEIRO, Brazil, July 4 /PRNewswire-FirstCall/ -- MPX Energia
S.A. (Bovespa: MPXE3), informs that civil works at UTE Porto do Pecem have
begun.
The first phase of the project (720 MW), a 50/50 partnership between
MPX and Energias do Brasil, will require a total investment of US$ 1.2
billion. The major part of the plant's capacity (615 MW avg) was sold in
the Regulated Market.
According to the implementation schedule, commercial operation should
start up before January 2012, when the commitment to deliver energy to the
Regulated Market begins. The first unit, of 360 MW, should start up in May
2011, and the second should begin commercial operations in November 2011.
The Engineering, Procurement and Construction contract (EPC) was signed
as lump sum turn key, with schedule and price fixed, includes completion
and performance guarantees for the plants and foresees incentive mechanisms
to the EPC Contractor to anticipate the delivery of the units.
This project represents an important step towards the diversification
of the Brazilian energy and power matrix, as well as the beginning of the
construction of one of the most important projects in MPX portfolio.
Eduardo Karrer
CEO and Investor Relations Officer
Investor Relations Team
Flavia Heller
Investor Relations Manager
Daniel Haddad
Investor Relations Analyst
Phone: +55 (21) 2555-4244 / 4015
Fax: +55 (21) 2555-5630
ri.mpx@mpx.com.br
http://www.mpx.com.br/ir
About MPX - MPX is an EBX Group Company focused on the power sector,
with a diversified generation portfolio, including coal and natural gas
fired thermoelectric units, a hydroelectric plant and projects based on
renewable sources, and also with a singular concept in the Brazilian
electric sector, combining fuel supply activities, generation and
commercialization of energy. Once in operation, these projects will
generate close to 9.6 GW, of which 7.1 GW will belong directly to MPX.
SOURCE MPX Energia S.A.
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Related links:
http://www.mpx.com.br/ir
CONTACT:
MPX Investor Relations Team, Flavia Heller,
Investor Relations Manager, +011-55-21-2555-4244, or Daniel
Haddad, Investor Relations Analyst, +011-55-21-2555-4015,
+011-55-21-2555-5630 Fax, ri.mpx@mpx.com.br
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