Energia Pecem to Begin Commercial Operations at $1.27 Billion Porto do Pecem Power Plant

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Researched by Industrial Info Resources Latin America (Cordoba, Argentina)--Energia Pecem, a 50:50 joint venture formed by MPX Energia S.A. (SAO:MPXE3) (Rio de Janeiro, Brazil) and Energias do Brasil S.A. (SAO:ENBR3) (Sao Paulo, Brazil), a subsidiary of Energias de Portugal (OTC:EDPFY) (Lisbon, Portugal), is to start operations for 360 megawatts (MW) of the 720-MW Porto do Pecem coal-fired power plant next week.

The power plant began construction in July 2008, and the estimated total investment is worth $1.27 billion. The facility, located in Sao Goncalo do Amarante, about 55 kilometers from Fortaleza in the state of Ceara, will be equipped with two 360-MW Siemens AG (NYSE:SI) (Munich, Germany) steam turbines and two Doosan Babcock boilers. One of them begins operations next week, and the other should be operational by September this year at the latest.

MPX Energia has 9,046 MW in projects that are planned, engineered or under construction in Brazil that are worth $11.29 billion. They are distributed in four states: Rio Grande do Sul, Rio de Janeiro, Ceara and Maranhao.

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