Re: Closing of Barge Sale to AES

Way to go Keith. You should be very proud of what you accomplished here and
I think the vision of what you set out to do continues. Best of luck in the
future.

Rob

Keith Sparks@ENRON_DEVELOPMENT
12/18/2000 12:32 PM
To: Dippo Bello/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tami
Scrudder/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Yao
Apasu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve
Hirsh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edward J Hlopak
Sr/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Archie N
Eubanks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Felicia
Erwin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Habiba
Bayi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob Bakondy/SF/ECT@ECT, Dennis
Skipper/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amadou
Ba/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Gilchrist/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Caroline
Schaeffer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric Boyt@ENRON, Dan
Boyle@Enron, Cheryl Gaines/OTS/Enron@Enron, Kirk McDaniel@EES, Chris
Long@ENRON, John Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Shedd/NA/Enron@Enron, Richard Whyte@EES, John Cockin@EES, Sheila
Kahanek@ENRON COMMUNICATIONS, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julia Kazibwe@EES, Nicola
Blancke@ENRON, Rob G Gay/NA/Enron@Enron, Alan Quaintance/Corp/Enron@ENRON
cc: Sean Long/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Closing of Barge Sale to AES

Team:

It is with much pleasure and gratitude that I confirm AES' stepping up to
purchase our remaining interest in the Barge project located in Lagos,
Nigeria. Thanks to the dedication and hard work of everyone, we were able to
create a robust and compelling project in spite of numerous detractors and
doubters. This latest development only reinforces the value of your efforts.

Please note that we still have interests in Nigeria (notably an EPC contract
for the Barges) and we remain engaged in a strategic alliance with AES and YF
Power to ensure the successful evacuation of power to all Nigerians via the
Barge project and the IPP as quickly as possible. Notwithstanding this sale,
we remain committed to this endeavor and believe that the alliance is the
most expedient vehicle to the realization of everyone's goals. If you
happen to have discussions with outsiders regarding these projects, please do
your part to quell the notion that Enron has "abandoned" the project. Feel
free to talk to me regarding any questions you may have.

Thanks again and congratulations on a job well done.

Keith