OREANDA-NEWS. MPX, together with the joint venture with E.ON and Petra Energia S.A., has signed a contract to provide power to Kinross Brasil Mineracao S.A. through the construction of a 56 MW gas thermal power plant, to be located in the Parnaiba Basin, in the state of Maranhao. The annual value of the contract amounts to approximately BRL 54 million.

MPX Energia S.A., an EBX Group company, is a Brazilian diversified energy company with complementary businesses in power generation and natural gas E&P in South America. The Company has a large portfolio of integrated energy projects, which positions it to be a leading private-sector power generator. MPX power generation plants will be the primary off-takers of the natural gas produced in the OGX Maranhao’s unique onshore portfolio, its related company, with estimated risked resources of over 11 Tcf.