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Eneva (former name: MPX Energia S.A.) is a power generation company based in
Rio de Janeiro Rio de Janeiro, or simply Rio, is the capital of the Rio de Janeiro (state), state of Rio de Janeiro. It is the List of cities in Brazil by population, second-most-populous city in Brazil (after São Paulo) and the Largest cities in the America ...
,
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. It is listed at the São Paulo exchange.


History

Eneva was founded in 2001 as MPX Energia. In January 2012, German energy utility E.ON agreed to buy a 10% stake in MPX for US$350 million. Eneva and E.ON also agreed to create an equally owned
joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...
. Eneva will transfer its 11 power projects with licences for 11,000 MW of generating capacity into the joint venture. In March 2013, it was agreed that E.ON will increase its stake to 36.2%. In March 2020, Eneva extended a $1.5 billion merger proposal to Brazilian energy company AES Tiete.


Power generation

Eneva is developing a thermal power plant in
Ceará Ceará (, ) is one of the 26 states of Brazil, located in the Northeast Region, Brazil, northeastern part of the country, on the Atlantic Ocean, Atlantic coast. It is the List of Brazilian states by population, eighth-largest Brazilian State by ...
, Brazil, in partnership with MDU Resources Group, Inc. Together with EDP-Energias do Brasil MPX is building the 720 MW Pecem power plant. It is also building 360 MW Pecem II power plant and 360 MW Itaqui power plant, both coal-fired. MPX has also proposed the 720 MW coal-fired Sul power plant, 600 MW coal-fired Seival power plant and 2,100 MW coal-fired Acu power plant with a 3,300 MW natural gas-fired expansion. In Chile, the company planned to build the 2,100 MW Castilla coal-fired power plant. The plan was approved by the Chile environmental authorities; however, the approval was annulled by the appeals court of
Antofagasta Antofagasta () is a port city in northern Chile, about north of Santiago. It is the capital of Antofagasta Province and Antofagasta Region. According to the 2015 census, the city has a population of 402,669. Once claimed by Bolivia follo ...
. In the field of renewable energy, the company has partnered with the Chinese
solar power Solar power, also known as solar electricity, is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Solar panels use the photovoltaic effect to c ...
company Yingli for the development of Tauá solar plant, State of Ceará. The plant has installed capacity of 1 MW and MPX is planning to increase the capacity up to 50 MW.


Coal mining

Eneva has
coal mining Coal mining is the process of resource extraction, extracting coal from the ground or from a mine. Coal is valued for its Energy value of coal, energy content and since the 1880s has been widely used to Electricity generation, generate electr ...
rights in
Colombia Colombia, officially the Republic of Colombia, is a country primarily located in South America with Insular region of Colombia, insular regions in North America. The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuel ...
and a 70% stake in the Seival coal mine in southern Brazil. Through MPX Columbia it developed Canaverales coal mine in northern Colombia. The project includes Reeds, Papayal and San Benito open pit mines and the San Juan underground mine. The mining complex was expected to become operational by 2014. However financial pressures forced Eike Batista to sell the project to Yildirim Holding AS of Turkey for some $450 million. For coal export it developed a coal terminal at a site on the Atlantic coast in Dibulla, La Guajira. In addition to the terminal, a railroad was to be built from the coal mine to the terminal. MPX had announced spinoff its coal mining assets in Colombia to form a new company called Colombian Coal (CCX), listed on the São Paulo stock exchange. Together with OGX, Eneva has a 70% stake in seven natural gas exploration blocks in
Maranhão Maranhão () is a States of Brazil, state in Brazil. Located in the country's Northeast Region, Brazil, Northeast Region, it has a population of about 7 million and an area of and it is divided into 217 municipalities. Clockwise from north, it ...
.


References

{{Portal, Brazil, Energy Electric power companies of Brazil Coal companies of Brazil Companies listed on B3 (stock exchange) E.ON Brazilian companies established in 2001 Energy companies established in 2001