CA & Turbine Payments

FYI.

Carl,

Will you please have someone input this information into the pricing model?

Thanks,

Michelle
---------------------- Forwarded by Michelle Parks/Corp/Enron on 04/20/2000
09:38 AM ---------------------------

"Chris Lloyd" <ChrisL@pandaenergy.com< on 04/20/2000 09:13:33 AM
To: <michelle.parks@enron.com<
cc:

Subject: CA & Turbine Payments

Michelle, I just faxes you an executed copy of the CA.

In addition, please find the turbine payment schedule, attached. We are
possibly signing a deal for the April 2000 payment ($69MM) tomorrow (so move
quickly if you want that one!). Therefore, I would suggest that you mainly
focus on the payments scheduled after April 2000. Finally, please keep in
mind that the last column is for ABB turbines for our Arkansas project (the
rest are GE).

Please give me a call to discuss. I should be in the office today until
around 2:00, and then back on Monday.

Regards,

Chris Lloyd
Manager-Corporate Development
Panda Energy International, Inc.
(972) 455-3806 Direct
(972) 455-3796 Fax

- Turbine Payment Scheda.xls