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Enron Mail |
FYI
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on=20 28/02/2000 03:34 PM --------------------------- Alexandre Bueno 28/02/2000 06:15 PM To: Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pablo=20 Acevedo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bernardo=20 Andrews/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diego=20 Hollweck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John J=20 Shoobridge/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gabriela=20 Aguilar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rodolfo=20 Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julian=20 Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cristian=20 Folgar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent=20 Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea=20 Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marta=20 Ortiz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Luis=20 Juarros/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo=20 Canovas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: =20 Subject: Clipping 02/28/2000 BRAZIL: BRAZILIAN NATURAL GAS TARIFFS Gazeta Mercantil, 28 Feb 2000, p. a-6:- According to Cicero Ernesto Leite de Sousa, president of the Brazilian=20 Association of Channelled Gas Distribution Companies (Abegas), Brazilian=20 state government-owned gas distribution companies are negotiating tariffs o= f=20 natural gas that is produced in Brazil with Gaspetro, a subsidiary of the= =20 Brazilian state-owned oil company Petrobras in charge of commercialising=20 natural gas in whole Brazil. Expectations are that these tariffs (for private consumers and companies)= =20 will be defined within 30 days. These negotiations have been eased due to a interministerial decree=20 republished on February 21st 2000 that establishes new rules for factors=20 affecting these tariffs. This decree contains methods to calculate fuel value to be transferred from= =20 gas distribution companies from April 1st 2000 and these methods in turn=20 determines maximum gas tariffs, so distribution companies can negotiate=20 cheaper tariffs with Gaspetro. BRAZIL: ANGRA 2 OPERATES WITH LOWER TARIFF O Estado de S.Paulo, 27 Feb 2000, p. b-9:- The tariff of the Brazilian nuclear power station of Angra 2, which will= =20 begin to operate in March 2000, will be equal to R$ 46/Mwh. That price is 20% lower than the tariff of the hydro power station of Itaip= u=20 due to the transmission costs, but such competitive value is only possible= =20 because debts of R$ 8bn of the power station were incorporated by the=20 Brazilian Treasury. BRAZIL: NEW PRESIDENT OF COUNCIL OF CELPE O Estado de S.Paulo, 26 Feb 2000, p. b-9:- Aloisio da Costa Val will be the president of the new council of the=20 Brazilian electricity company Celpe, which is controlled by the consortium= =20 Guaraniana (composed by the companies Iberdrola, Previ and BB Invest).=20 BRAZIL: PETROL PRICES INCREASES LIMITED TO 7% O Estado de S.Paulo, 26 Feb 2000, p. b-9:- The Brazilian government will limit the petrol price increase by 7% as=20 announced on February 25th 2000. But some economists think the government may not be able to do that due to= =20 the problem with the Brazilian oil account and the need to compensate the= =20 increase in the international oil price. BRAZIL: TERIS WILL BEGIN TO OPERATE Folha de S.Paulo, 27 Feb 2000, p. 2-2:- The company Teris do Brasil will begin to operate in Brazil in March 2000= =20 aiming for the industrial effluents and residues management market (estimat= ed=20 at R$ 30bn yearly). Teris is an association of the companies Rhodia, Vega and Teris (from=20 France).=20 BRAZIL: IBERDROLA=01%S POWER PLANTS O Estado de S.Paulo, 26 Feb 2000, p. B-4:- The Spanish company Iberdrola recently began, in Brazil, the construction = of=20 one hydroelectric plant in the city of Itapebi (state of Bahia), one=20 thermoelectric plant in the state of Rio Grande do Norte and other in the= =20 state of Pernambuco. The total investments in these plants will be of R$=20 1.3bn, and all them will have, together, generation capacity of 1,770MW. BRAZIL: PLANS OF IBERDROLA=20 Gazeta Mercantil, 28 Feb 2000, p. b-6:- The executive of the Spanish company Iberdrola for the Latin America,=20 Esteban Serra Mont, informed the following plans and data about the=20 operations of the company in Brazil: - the subsidiary of the company in Brazil will focus in the Northeast regio= n; - the company's main interests in Brazil are electricity distribution, gas= =20 and sanitation; - the company has already invested US$ 2.2bn in Brazil; - the company does not plan to compete in the privatisation of Brazilian=20 electricity generation companies, preferring to invest in new generation=20 projects. BRAZIL: PLANS OF IBERDROLA=20 Gazeta Mercantil, 28 Feb 2000, p. b-6:- The executive of the Spanish company Iberdrola for the Latin America,=20 Esteban Serra Mont, informed the following plans and data about the=20 operations of the company in Brazil: - the subsidiary of the company in Brazil will focus in the Northeast regio= n; - the company's main interests in Brazil are electricity distribution, gas= =20 and sanitation; - the company has already invested US$ 2.2bn in Brazil; - the company does not plan to compete in the privatisation of Brazilian=20 electricity generation companies, preferring to invest in new generation=20 projects. BRAZIL: REPSOL AND IBERDROLA EXPAND BUSINESS Expansion, 26 Feb 2000, p.4:- Spanish electricity operator Iberdrola will invest nearly US 710mn in orde= r=20 to build two thermal stations and a hydraulic station in Brazil. Currently= ,=20 the Spanish group controls Brazilian electricity distributors Celpe, Cosern= =20 and Coelba. On the other hand Spanish oil operator Repsol YPF, jointly with UK-US oil= =20 giant BP Amoco, will allocate US $ 125mn to construct a 250 megawatt therma= l=20 station in Ceara (Brazil), which will start to operate in 2002. Additionally, Repsol YPF and BP Amoco will strengthen their alliance in=20 Trinidad & Tobago, where both companies will develop works of gas=20 exploration. The gas obtained would be destined to electricity stations of= =20 Brazil and Spain. BRAZIL: REPSOL YPF TAKES PART IN STATION PROJECT La Nacion (Argentina), 26 Feb 2000, p. 2/1:- With BP Amoco, Argentine-Spanish oil company Repsol YPF will construct a 2= 50=20 MW power station in the Brazilian state of Ceara. The plant will demand US$= =20 125mn in investments. ARGENTINA: OFFICIAL DEFENDS YACYRETA EXPANSION La Nacion (Argentina), 26 Feb 2000, p. 2/7:- Nicolas Gallo, the Argentine Minister of Infrastructure, defended the=20 Argentine government's project of expanding the hydropower station of=20 Yacyreta, owned by the governments of Paraguay and Argentina through EBY. T= he=20 project may allow Yacyreta to expand to 1,200 MW its output capacity,=20 representing additional energy sales of US$ 200mn in an 8-10 year term. It= =20 will demand US$ 600mn in investments. Gallo insisted that Argentina can fin= d=20 investment banks to finance such works and it does not need the funds of th= e=20 World Bank for such purpose. The multilateral entity had recently stated it= =20 may not finance such expansion. The project is being studied by US Parson= =20 Brinckeroff International. BRAZIL: PETROBRAS WILL INVEST R$ 1BN Gazeta Mercantil, 28 Feb 2000, p. A-8:- The Brazilian Petroleum Company (Petrobras) will invest the amount of R$= =20 1.054bn in exploration and production of oil in the Brazilian states of Rio= =20 Grande do Norte and Ceara in 2000. Rio Grande do Norte was the main state responsible for the increase of oil= =20 production in the country, which was of 8% in 1999. The state was responsib= le=20 for more than 90% of this increase. In 1999, Rio Grande do Norte increased= =20 its production by 15.5% compared to 1998, or the volume of 540mn bopd. Petrobras will also install a plant to produce kerosene for aircrafts. From= =20 the total investments, the company will invest R$ 990mn, while other=20 partners, such as the American company Santa Fe, will be responsible for th= e=20 rest. R$ 62mn will be invested for exploration and to find new oil fields,= =20 while R$ 260mn will be invested to increase the production in other fields. Petrobras intends to increase its oil production in 2000 from 113,000bopd t= o=20 120,000bopd. For the gas production, the company predicts an increase from= =20 3.2mn to 3.7mn of m3/day. BRAZIL: RESULTS, CHANGES AND PLANS OF SHELL Gazeta Mercantil, 28 Feb 2000, p. c-10:- These are some information about the English/Dutch oil company Shell in=20 Brazil: - the Brazilian subsidiary registered a loss of R$ 13mn in 1999 (profit of = R$=20 17mn in 1998), mainly due to its fuels distributions operation; - the company has been conducting a management and marketing restructure=20 program for approximately 2 years; - 285 petrol stations were sold to the Italian company Agip; - its headquarters in the city of Rio de Janeiro were sold to the Brazilian= =20 long distance telephony company Intelig in the end of 1999; - the company is beginning to use virtual offices with employees (salespeop= le=20 at first) working at home or on streets; - regional offices are being closed; - the regional office of the city of Sao Paulo will be the only one operati= ng=20 by the end of 2000; - the company reduced its personnel from 2,700 employees to 1,900 employees= =20 since the beginning of the restructure program; - Shell will dismiss other employees; - Shell is reducing the number of distribution bases (it had 50 bases, but= =20 this number will be reduced to between 25 and 30 in July 2000); - fuels transfer and transport has been outsourced in December 1999, with 7= =20 transport companies doing the work which were done by two associated=20 companies of Shell (Transgama and Setp); - Shell will drill the 1st well in a block in the Basin of Campos in July= =20 2000; - the company will invest up to US$ 140mn in the next 3 years with=20 exploration and production. BRAZIL: ALCOHOL STOCK WILL DECREASE Gazeta Mercantil, 28 Feb 2000, p. b-24:- According to the Sugar Cane Agribusiness Union of the Brazilian state of S= ao=20 Paulo (Unica), the fuel alcohol stock of the Brazilian Mid-South region is= =20 expected to decrease from 2.85bn litres in the harvest 1998/1999 to 1.4bn= =20 litres in the harvest 1999/2000. The alcohol stock in the last harvests was= =20 too high since consumption by cars has been reduced.=20
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