The first phase of the project (720 MW), a 50/50 partnership between MPXand 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 RegulatedMarket.

According to the implementation schedule, commercial operation shouldstart up before January 2012, when the commitment to deliver energy to theRegulated Market begins. The first unit, of 360 MW, should start up in May2011, and the second should begin commercial operations in November 2011.

The Engineering, Procurement and Construction contract (EPC) was signed aslump sum turn key, with schedule and price fixed, includes completion andperformance guarantees for the plants and foresees incentive mechanisms to theEPC Contractor to anticipate the delivery of the units.

This project represents an important step towards the diversification ofthe Brazilian energy and power matrix, as well as the beginning of theconstruction 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, witha diversified generation portfolio, including coal and natural gas firedthermoelectric units, a hydroelectric plant and projects based on renewablesources, 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 which7.1 GW will belong directly to MPX.

SOURCE MPX Energia S.A.