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
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.
