MPX Announces That BNDES Approved a Long Term Financing Package for Pecem I

RIO DE JANEIRO, BRAZIL--(Marketwire - May 21, 2009) - MPX ENERGIA S.A. (BOVESPA: MPXE3) - In compliance with article 157 of the Law # 6404/76 and with provisions of the Instruction # 358/02 of the Brazilian Securities Commission (Comissão de Valores Mobiliários, or "CVM"), MPX Energia S.A. ("MPX" or the "Company") hereby informs that BNDES (Banco Nacional de Desenvolvimento Econômico e Social) approved a long term financing package for the Pecém I TPP project ("Pecém I" or "project"). Pecém I is a 50/50 partnership between MPX and EDP Energias do Brasil S.A.

The financing package, a direct loan on a project finance structure, was approved after a long and strict due diligence process, coordinated by specialized consultants appointed by creditors. The due diligence has covered in details all technical, environmental, social and financial aspects of both projects. The final approval of the financing package not only reinforces the feasibility and importance of these enterprises, but also shows that the Company is able to design robust and assertive strategies for risk mitigation.

BNDES' loan, amounting to R$ 1.4 billion (in nominal R$, excluding interest during construction), will have a 17-year tenure, with a 14-year amortization period, and a grace period for interest and principal until July 2012. During construction, interest will be capitalized.

In addition to BNDES' financing package, IDB has approved a direct loan ("A loan") of US$ 147 million and onlending ("B loan") of US$ 180 million. Such credit lines are in final stage of contracting. Considering the total required capex and financing packages from IDB and BNDES, the project will have a capital structure of approximately 75% debt/25% equity.

Pecém I is part of the Brazilian Government's Growth Acceleration Program ("PAC") and represents an important step towards the diversification of the country's energy matrix, increasing the reliability of electricity supply.

The plant will use clean-coal technology, complying with the most rigorous legal requirements of the Brazilian law as well as international agencies. So as to foster Brazil's sustainable development, MPX will go beyond legal requirements and will implement a vast plan for greenhouse gas reduction. Moreover, MPX intends to allocate a significant part of its R&D budget to the development of carbon sequestration technologies.

Porto do Pecém I TPP

Porto do Pecém I TPP project consists in a 720 MW coal-fired thermal plant, in the State of Ceará. Pecém I has already contracted 615 average MW in the regulated market, securing annual fixed revenues of R$ 467.5 million (as of Mar 09). Construction works started in July 2008 and according to the implementation schedule, commercial operation should start before January 2012, when the commitment to deliver energy to the regulated market begins.

Contact Information: CONTACT IR: Eduardo Karrer CEO & Investor Relations Officer Flavia Heller Investor Relations Manager Daniel Haddad Investor Relations Analyst Tel.: (0xx21) 2555-4061 ri.mpx@mpx.com.br