Re: Confidentiality Agreement: Republic of Georgia

Wade

Thanks for the info. For the time being, please keep me in the loop. If the
deal heats up, I might get someone else involved at that time. Thanks!

Scott

From: Wade Cline AT ENRON_DEVELOPMENT@CCMAIL on 05/07/99 21:53 CDT
To: Scott Sefton@ECT
cc: Mark E Haedicke@ECT, Trey Comiskey AT ENRON_DEVELOPMENT@CCMAIL, Rob Walls
AT ENRON_DEVELOPMENT@CCMAIL
Subject: Confidentiality Agreement: Republic of Georgia

Scott,

Hope things are going well. I want to bring you in the loop on a hydro
privatization transaction that EI's renewables group is looking at in the
Republic of Georgia.

A few days back, I was asked by Trey Comiskey of EI's renewables group to
review a confidentiality agreement with Merrill Lynch, who had been retained
by the Republic of Georgia to assist them in privatizing various generation
and distribution assets in the country. I was told that the assets were
approximately 9 hydro and 2 thermal plants and related distribution (my
memory of the exact numbers is not perfect, but I was told the assets were
predominantly hydro). Trey told me that he was working with John Bottomley of
Enron Europe, and that he would be talking with John about the presence of
this confidentiality agreement. I will send you a copy of the form of
confidentiality agreement that was signed by EI.

I have not heard anything on this deal in the last few days, but I wanted to
let you know what I know so far. If things move forward, I will keep you in
the loop, or let me know if you would like someone else on your team to be
kept in the loop.

Wade