Brazil's MPX Energia power company, controlled by billionaire Eike Batista, will soon add 680 MW to Brazil's energy grid with two new thermoelectric power plants and allow the government to avoid electricity rationing, the magnate said.

"We have several projects, plants, that are coming online now and will be connected to Brazil's (power grid) to help avoid rationing. There won't be any outages," Brazil's wealthiest person told reporters Wednesday after a meeting with President Dilma Rousseff.

The additional power will come from the natural gas-burning Maranhao III and Maranhao IV thermoelectric plants, which will add a combined 680 MW of capacity to the country's grid.

Batista also noted that MPX will boost the capacity of Brazil's electricity system by 3 GW in 2013 with thermoelectric plants in the northeastern states of Maranhao and Ceara.

The tycoon also met with Mines and Energy Minister Edison Lobao to present the new projects to him.

Referring to a dip in the market value in 2012 of the OGX Petroleo e Gas Participacoes company, which like MPX belongs to the his EBX Group, Batista said such price behavior is normal. EFE