/ CORRECTION - MPX ENERGIA S.A.

  In the news release, "IDB Approves
Financing for Porto do Pecém I TPP and Porto de Itaqui TPP," issued Monday,
March 23, 2009, by MPX ENERGIA S.A. (BOVESPA: MPXE3), please be advised
that the ticker information should read "(BOVESPA: MPXE3)" rather than
"(BOVESPA: MMXM3) (TSX: XMM)" as originally issued.  Complete corrected
text follows.

IDB Approves Financing for Porto do Pecém I TPP and Porto de Itaqui TPP

RIO DE JANEIRO, BRAZIL -- March 23, 2009 -- 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") (BOVESPA: MPXE3) hereby informs that, the Inter-American Development Bank ("IDB") Board of Executive Directors approved on March 20, 2009, a long term financing package for the Pecém I TPP ("Pecém I") and Itaqui TPP ("Itaqui") projects. Pecém I is a 50/50 partnership between MPX and EDP Energias do Brasil S.A., and Itaqui is fully owned by MPX.

The financing package, amounting to US$ 197 million in direct loans from IDB ("A loans"), was approved after a long and strict due diligence process, coordinated by specialized consultants appointed by IDB. 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.

According to MPX's Chairman, Mr. Eike Batista: "It is with great satisfaction that I congratulate MPX's team and all other agents involved in the negotiations for the conclusion of this important deal, which represents a fundamental quality stamp for MPX's projects and confirms not only its technical and financial feasibility, but also the compliance with the most stringent social and environmental standards required by IDB."

IDB will also arrange up to US$ 314 million in indirect loans ("B loans") from several international banks. Such credit lines are in final stage of contracting. Additionally, the Banco Nacional de Desenvolvimento Econômico e Social ("BNDES") should approve soon a long term financing package that will complete the leverage foreseen for the projects. Itaqui's implementation will also be funded by a loan from the Banco do Nordeste do Brasil ("BNB"), currently in approval process.

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

Both plants 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. As per IDB's press release, "Innovative agreement will partially offset CO2 emissions by promoting renewable energy projects and greenhouse gas reduction research."

To access the complete material fact, please access www.mpx.com.br/ir

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Contact Information: Eduardo Karrer CEO and Investor Relations Officer Phone: [phone] Fax: [phone] [e-mail]