Key Developments: MPX Energia SA (MPXEY.PK)
4.67USD
21 May 2013
$0.37 (+8.60%)
$4.30
$4.67
$4.67
$4.67
600
2,069
$8.55
$2.15
Latest Key Developments (Source: Significant Developments)
MPX Energia SA's and EDP Energias do Brasil SA's Pecem I Receive License for Operation from Aneel
MPX Energia SA announced that Usina Termeletrica Porto do Pecem I (Pecem I) which is operated equally by the Company in partnership with EDP Energias do Brasil SA received the authorization from the National Agency for Electric Energy Aneel for the beginning of commercial operation of the second generating unit with installed capacity of 360 megawatt. Full Article
MPX Energia SA Signs Contract with Kinross Brasil Mineracao SA Together with MPX-E.ON Participacoes SA and Petra Energia SA
MPX Energia SA announced that together with MPX-E.ON Participacoes SA and Petra Energia SA it has signed a contract with Kinross Brasil Mineracao SA for the implementation of a natural gas thermoelectric project, with an installed capacity of 56 megawatt, to be constructed in the Basin of Parnaiba, Maranhao state, Brazil. The annual value of the contract is approximately BRL 54 million. Full Article
Fourth Turbine of MPX Energia SA's and Petra Energia SA's Joint Usina Termeletrica Parnaiba I Enters into Commercial Operation
MPX Energia SA announced that on April 12, 2013 Usina Termeletrica Parnaiba I (Parnaiba I) located in the state of Maranhao, Brazil, received the authorization of the National Energy of Electrical Energy ANEEL for the entering into commercial operation of its fourth turbine with installed capacity of 169 megawatt. The project is a partnership between the Company and Petra Energia SA where they held 70% and 30% respectively. Full Article
MPX Energia SA Completes Acquisition of UTE MC2 Nova Venecia Project Together with MPX E.ON Participacoes SA and Petra Energia SA
MPX Energia SA announced that it has completed the acquisition of the total stake of UTE MC2 Nova Venecia project by the Company, MPX E.ON Participacoes SA – a joint venture between the Company and E.ON SE, and Petra Energia SA. The value of the acquisition of the project amounts to BRL 50 million, of which 35% is paid by the Company, 35% paid by MPX E.ON Participacoes SA, and remaining 30% by Petra Energia SA. Full Article
MPX Energia SA's and Petra Energia SA's Joint Parnaiba I Project Enters into Commercial Operation
MPX Energia SA announced that on March 29, 2013 Usina Termeletrica Parnaiba I (Parnaiba I) located in the state of Maranhao, Brazil, received the authorization of the National Energy of Electrical Energy ANEEL for the entering into commercial operation of its third turbine with installed capacity of 169 megawatt. The project is a partnership between the Company and Petra Energia SA where they held 70% and 30% respectively. Full Article
E.ON SE Acquires 24.5% Stake in MPX Energia SA; MPX Energia SA Announces Capital Increase; E.ON SE and MPX Energia SA Create Joint Venture
MPX Energia SA announced that on March 27, 2013 its controlling shareholder Mr. Eike Fuhrken Batista (EB) and E.ON SE (E.ON) entered into an agreement on March 28, 2013 aimed at the acquisition of a 24.5% stake in the Company by E.ON corresponding to 141,544,637 shares and a subsequent primary offering registered upon the Securities and Exchange Commission (CVM) at the value of approximately BRL 1.2 billion and the value per share of BRL 10.00 which will be done in the second quarter of 2013 and which will augment the Company's share capital. Once the offer completed, the Company will submit to the proposal of the general meeting the establishment by the Company of MPX E.ON Participacoes SA, a joint venture between the Company and E.ON (JV). After the acquisition of shares, E.ON will be holder of a 36.2% stake in the Company. Acquisition price is BRL 10.00 per share. The Company will keep the market informed on the issue. Full Article
Maire Tecnimont SpA's Tecnimont do Brasil Together with Efacec do Brasil Conclude Sale of Special Purpose Vehicle Mabe to MPX Energia SA and EDP Energias do Brasil SA
Maire Tecnimont SpA announced that on March 27, 2013 its subsidiary Tecnimont do Brasil together with Efacec do Brasil has concluded the sale of the special purpose vehicle Mabe Construcao e Administracao de Projectos LTDA (Mabe) to MPX Energia SA and EDP Energias do Brasil SA. Mabe is the contractor of three Brazilian power projects Pecem I, Pecem II and Itaqui. Full Article
MPX Energia SA Announces ANEEL's Authorization for Entry into Operation of Parnaiba Thermal Power Plant I
MPX Energia SA announced that its Parnaiba Thermal Power Plant I on February 20, 2013 obtained the authorization of the National Agency of Electrical Energy (Aneel) to start the commercial operation of the second turbine with an installed capacity of 169 megawatts. Parnaiba I has the installed capacity of 676 megawatts composed of four gas turbines of 169 megawatts each. Full Article
MPX Energia SA to Obtain BRL 350 Million Credit
MPX Energia SA announced that it approved a financing contracting with Banco BTG Pactual by means of bank credit totaling BRL 350 million. Full Article
MPX Energia SA Receives Authorization from ANEEL for Thermoelectric Plant Port of Itaqui
MPX Energia SA announced that on February 5, 2013 the thermoelectric plant Port of Itaqui received authorization from the National Agency of Electrical Energy (ANEEL) to start commercial operation, with an installed capacity of 36o megawatts. Full Article
UPDATE 5-E.ON tosses a lifeline to Brazil's Batista with MPX purchase
SAO PAULO, March 28 - Eike Batista, who lost the title of Brazil's richest man as his fortune shrank by two-thirds in the past year, agreed to sell a stake in power company MPX Energia SA to Germany's E.ON SE for about 2.1 billion reais ($1 billion).
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