Eneva (former name: MPX Energia S.A.) is a power generation company based in
Rio de Janeiro
Rio de Janeiro ( , , ; literally 'River of January'), or simply Rio, is the capital of the Rio de Janeiro (state), state of the same name, Brazil's List of Brazilian states by population, third-most populous state, and the List of largest citi ...
,
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
. 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
A thermal power station is a type of power station in which heat energy is converted to electrical energy. In a steam-generating cycle heat is used to boil water in a large pressure vessel to produce high-pressure steam, which drives a s ...
plant in
Ceará
Ceará (, pronounced locally as or ) is one of the 26 states of Brazil, located in the northeastern part of the country, on the Atlantic coast. It is the eighth-largest Brazilian State by population and the 17th by area. It is also one of th ...
, Brazil, in partnership with
MDU Resources Group, Inc.
MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates i ...
Together with
EDP-Energias do Brasil
EDP - Energias de Portugal (formerly Electricidade de Portugal) is a Portuguese electric utilities company, headquartered in Lisbon. It was founded in 1976 through the merger of 14 nationalised electricity companies.
History
EDP was founded as ...
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.
After the Spanish American ...
.
[
]
In the field of renewable energy, the company has partnered with the Chinese
solar power
Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovoltaic ef ...
company
Yingli
Yingli (), formally Yingli Green Energy Holding Company Limited () - . Yingli Green Energy Holding Company Limited, known as "Yingli Solar," is a solar panel manufacturer. Yingli Green Energy's manufacturing covers the photovoltaic value chain ...
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 rights in
Colombia 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.[
Together with OGX, Eneva has a 70% stake in seven natural gas exploration blocks in ]Maranhão
Maranhão () is a state in Brazil. Located in the country's Northeast Region, it has a population of about 7 million and an area of . Clockwise from north, it borders on the Atlantic Ocean for 2,243 km and the states of Piauí, Tocantins and ...
.
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