MPX May Start Building Gas Plant in 2011 on New Find, CFO Says
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MPX Energia SA, an energy company controlled by billionaire Eike Batista, may start building a power plant in northern Brazil next year to burn natural gas from a 15-trillion-cubic-feet deposit, Chief Financial Officer Rudolph Ihns said.
MPX is finalizing permits and sales contracts for the 1,863-megawatt plant, which will take about two years to complete and may be expanded later, Ihns said in an interview yesterday. The plant will be located near the onshore basin of Parnaiba, where Batista’s OGX Petroleo & Gas Participacoes SA will develop the gas reserves.