No. The blulectric engine actually converts blutricity over to MJ. What you need is what people here have told you, one of the three blutricity generating engines, which are the Solar Panel (RP2), Thermopile, or Kinetic Generator (Used together with the Windmill or the Wind Turbine). These three are your ONLY options for generating blutricity, until Eloraam gets to making new ways of making it, or perhaps a block that converts MJ or EU over to blutricity.
To conduct the power over from these engines to your blutricity using machines, you need either Blue Alloy Wire or 10Kv Wire, i believe it is called. The first one can't transport the power too far, and it can't handle too high of a voltage, but it can transport higher amounts of power (High amperage), the second one is high voltage, low amperage. Omicron has a guide that explains all you ever wanted to know about blutricity in a easy to understand fashion. Maybe he'll pop up in the thread and you can follow a link in his signature to it. In any case, machines that use blutricity don't use an awful lot of it. Most of the time, a couple solar panels and a Battery Box (not BatBox) will suffice. The only real power hogs of the blutricity world are really big frame machines, as they consume power based on how many frames are being moved at once... So there you have it. I suggest you hop over on the FTB wiki and read up on Redpower 2 and it's machines, as the information there is pretty complete and pretty accurate. It should suffice for mostly anything short of complicated RP2 logic and frame stuff. And sortrons. Dear god, sortrons.