MPX Energia is a diversified energy company with the largest portfolio of integrated energy projects in South America. It has over 1.9 GW of power generation capacity with contracts secured. It also has natural gas resources of over 11 trillion cubic feet and plans for 35 million tonnes of annual coal production. MPX will have steady cash flows starting in 2012 from its power plants in Brazil with contracted capacity payments escalating with inflation. It is also developing a large integrated natural gas and power generation complex in Parnaiba, Brazil which will come online in phases starting in 2013. In Colombia, MPX is drilling and seismic work to assess its underground coal resources for longwall mining.