SOURCE: MPX Energia S.A.

February 27, 2008 20:10 ET

MPX Power Generation at Rio Grande do Sul

MPX Signed a Memorandum of Intentions for the Installation of UTE Seival II

RIO DE JANEIRO, BRAZIL--(Marketwire - February 27, 2008) - MPX Energia S.A. (BOVESPA: MPXE3), the company with nine power generation projects under development consisting primarily of coal-fired thermoelectric plants, with a totally integrated concept and strategically located at the main ports and super ports in Brazil and Chile, announces that it has signed today a Memorandum of Intentions with the Government of Rio Grande do Sul State for the installation of UTE Seival II.

The total investment in the project will be approximately US$ 1.4 billion. The total capacity of the plant will amount to 600 MW and the coal supply will be provided by Seival Mine, in which MPX has a stake of 70%.

During the construction, MPX will create approximately four thousand jobs, directly and indirectly. After the start up, the plant will promote about 1.250 direct and indirect jobs.

Contact Information

  • For additional information, please contact:
    Andrea Pereira
    Phone + 55 21 2555-5279