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Enron Mail |
BRAZIL: POWER STATIONS IN RIO GRANDE DO SUL
Gazeta Mercantil, 01 Mar 2000, p. a-9:- There are projects for the construction of 4 thermal power stations in the Brazilian state of Rio Grande do Sul with total capacity of 1,800 MW by 2003 and total investments of R$ 1.6bn. The Brazilian company CEEE has the project to construct the 350 MW coal power station of Candiota 3. The contract for its construction was originally signed in 1981, but CEEE did not have funds to continue the construction (a solution is expected to be reached soon). The 500 MW gas power station in the city of Triunfo which will be constructed by the consortium led by CEEE and also composed by Gaspetro, Sulgas, Ipiranga, Techint and RGE Distribuidora with investments of R$ 300mn. The 750 MW gas power station in the city of Montenegro of the company AES with investments of R$ 700mn. The 250 MW coal power station in the city of Candiota of the company Copelmi, which has already made an agreement for technical project, equipment purchase and construction with the US company Parsons. BRAZIL: POWER STATION STUDY IN SANTA CATARINA Gazeta Mercantil, 01 Mar 2000, p. a-9:- The Brazilian coal companies Criciuma and Metropolitana ordered to the US consultancy company Parsons technical feasibility studies for the construction of the 440 MW thermal power station Usitesc in the Brazilian city of Criciuma (state of Santa Catarina) with estimated investments of R$ 500mn. An agreement has been closed between the coal companies and the Brazilian electricity generation company Gerasul by which Gerasul will have exclusive rights to access the feasibility studies to decide if will conduct the project. BRAZIL: SALE OF LIGHT'S SHARES WAITS FOR ANEEL Gazeta Mercantil, 01 Mar 2000, p. B-4:- The BNDESPar, the participations company of the National Bank for Economic and Social Development (BNDES), is waiting for the authorisation of the National Electricity Agency (Aneel) to sell its 9.23% of shares in the electricity distributor Light, which operates in the state of Rio de Janeiro. BNDESPar was waiting for the register of the Securities Commission (CVM) on February 29th, but it was not possible to be done because Aneel had not approved the sale yet. The reason for the necessity of the approval by Aneel is that the sale of these shares will result in the transferring of the control of the company. The French company Electricite de France (EDF) and the American companies Reliant and AES own 11.4% of Light's shares, and EDF will probably acquire the shares currently owned by BNDESPar. BRAZIL: BP AMOCO AND REPSOL-YPF'S POWER STATIONS Gazeta Mercantil, 01 Mar 2000, p. a-9:- A consortium composed by the British company BP Amoco and the Spanish company Repsol-YPF will construct 2 natural gas power stations (total 520 MW) and a regasifying terminal in the Brazilian city of Sao Goncalo (state of Ceara). The project is called Dunas, being located at the Industrial Port Complex of Pecem, and will demand investments of US$ 500mn. The value of the investment was divulged by the infrastructure secretary of Ceara, but has not been confirmed by the consortium. BRAZIL: PETROBRAS' CONTRACT WITH JBIC Gazeta Mercantil, 01 Mar 2000, p. a-5:- A project finance contract of US$ 320mn will be signed by the Brazilian state-owned oil company Petrobras with the Japan Bank for International Co-operation (JBIC) on March 1st 2000. The project finance is for the project Cabiunas in the Brazilian Campos Basin (state of Rio de Janeiro) which will demand total investments of US$ 800mn with the following: - construction of a natural gas processing unit; - construction of a thermal power station; - modernisation of 18 gas production platforms; - construction of 2 gas pipelines. BRAZIL: IPIRANGA REGISTERED PROFIT OF R$ 48.9MN Gazeta Mercantil, 01 Mar 2000, p. C-6:- The refinery division of the Brazilian oil group Ipiranga registered the following results in 1999: - net profit of R$ 48.9mn, while in 1998 the company registered R$ 106.3mn; - net sales of R$ 1.2bn, while in 1998 the company registered R$ 760.6mn; The company produced an average of 12.035mnbopd in 1999, which is an increase by 30% compared to the previous year. The distribution division of the group, Companhia Brasileira de Petroleo Ipiranga, registered the following results: - net sales of R$ 5.7bn, while in 1998 its net sales reached R$ 4.5bn; - net profit of R$ 198.4mn, while in 1998 its profit was of R$ 96.6mn. The distribution division of the company in the state of Rio Grande do Sul, Distribuidora de Produtos de Petroleo Ipiranga, registered the following results: - net sales of R$ 6.9bn, while in 1998 the company registered R$ 5.4bn; - net profit of R$ 86.6mn, while in the previous year it was of R$ 79.8mn. BRAZIL: POWER STATION TENDER IN SANTA CATARINA Gazeta Mercantil, 01 Mar 2000, p. a-9:- The government of the Brazilian state of Santa Catarina is beginning a tender to select a company to conduct the construction of a 300 MW gas power station in the city of Joinville with investments of R$ 150mn. Competitors must deliver proposals by March 15th 2000. BRAZIL: ELECTRICITY SHORTAGE RISK O Estado de S.Paulo, 01 Mar 2000, p. b-1:- The Industries Federation of the Brazilian State of Sao Paulo (Fiesp) is worried about the risk of electricity shortage in the next months since rains are not being enough to restore water reservoirs of hydro power stations in the Brazilian Mid-South Region. And Fiesp believes the problem will be even worse in 2001. If the Brazilian economic growth is higher than expected, power supply may have problems. The energy secretary of the state of Sao Paulo, Mauro Arce, says water reservoirs level will be less than 60% in April (the usual would be more than 70%) but even so he does not expect problem with power supply in 2000 because new electricity generation projects powered by nuclear energy and thermal energy (which do not depend on rains) amounting to 4,200 MW are expected to begin to operate in 2000. But he says situation may be bad in 2001, since only between 1,300 MW and 1,400 MW new projects are expected to operate in that year and reservoirs may be lowered to 10% on average in December 2000, being necessary then intense rains to restore reservoirs after that. The energy secretary of the Brazilian Ministry of Mining and Energy, Benedito Carraro, says that it is still too soon to affirm that there will be problems with power supply in 2001 and water reservoirs and estimations for the next months and for 2001 will only be able to be analysed in April 2000. MEXICO: FUTURE OF BUFETE El Financiero (Mexico), 01 Mar 2000, online:- It is believed that Mexican construction company Iconsa is out of the running to take over administration of financially-troubled competitor Bufete Industrial, as Bufete's creditor banks are believed to have accepted the offer of a capital injection from US-based Enron. Creditor banks, including Serfin, Citibank and Santander, are expected to absorb part of Bufete's debt and to allow Enron to take over administration of the company. BRAZIL: CSN MAY SELL SHARES OF LIGHT O Estado de S.Paulo, 01 Mar 2000, p. b-12:- The president director of the Brazilian steel company CSN (Companhia Siderurgica Nacional), Maria Silvia Bastos Marques, informed that the company does not plan to acquire shares of the Brazilian electricity company Light which will be sold by BNDESPar (subsidiary of BNDES, the Brazilian National Bank for Economic and Social development) and it may even sell the shares of Light that CSN owns if there is a good proposal.
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