EDP, MPX Say Regulator Approved Delay of Pecem Thermo Plant

EDP-Energias do Brasil SA and MPX (MPXE3) Energia SA, an energy company controlled by Brazilian billionaire Eike Batista, said the country’s power regulator Aneel allowed the companies to postpone the start of operations of the Pecem thermoelectric plant, according to a filing today.

Energia Pecem, as the plant is known, is located in Brazil’s northeastern state of Ceara, and it’s a joint venture with equal stakes by EDP (EDP) and MPX. It has an installed capacity of 720 megawatts.

EDP and MPX will be allowed to postpone by 60 days the start of operations of the plant’s first turbine, while the second turbine will be allowed to go online 150 days later than originally planned, the companies said in two separate filings today. The companies didn’t reveal the original deadlines for the turbines to go online.

-- Editors: Charles Siler, Susan Warren

To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net

To contact the editor responsible for this story: Helder Marinho, at hmarinho@bloomberg.net

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