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Enron Mail |
BRAZIL: INB EXPORTS NUCLEAR FUELS AND PARTS
Gazeta Mercantil, 12 Apr 2000, p. A-9:- The Brazilian state-owned nuclear power company INB (Industrias Nucleares do Brasil) is exporting fuels elements (modules for uranium tablet storage in nuclear power stations) to the US company Westinghouse. The company also has a contract to export uranium powder to the German company Siemens, being 150 tonnes in 5 years. INB is also negotiating with the French company Cogema to export the excess production of its plant in the city of Resende (state of Rio de Janeiro), expecting to sign the contract soon. The plant has capacity to produce 160 tonnes of uranium powder yearly, power stations Angra 1 and 2 of INB only consume 50 tonnes yearly. INB started to produce uranium powder on April 11th 2000. BRAZIL: ANEEL TO EXPLAIN ELECTRICITY PRICE O Estado de S.Paulo, 12 Apr 2000, p. b-10:- A request of the deputy Renildo Leal will be voted on April 11th 2000 by the Energy and Mining Commission of the Brazilian House of Representatives by which the criteria which were used to concede prices increases to Brazilian electricity generation and distribution companies will have to be explained by the director general of the Brazilian National Electric Energy Agency (Aneel), Jose Mario Abdo. BRAZIL: CPC INTERESTED IN OIL/GAS EXPLORATION Folha de S.Paulo, 12 Apr 2000, p. 2-2:- The Chinese Petroleum Corporation (CPC) paid the amount of US$ 150,000 on April 11th 2000 to participate of the tender for the concession to explore and produce oil and natural gas in an area in the Brazilian Campos Basin, in the state of Rio de Janeiro. This tender will be held on June 7th. ARGENTINA: CARREFOUR ADVANCES IN PETROL America Economia, 6 Apr 2000, p. 25-27:- The French hypermarket chain, Carrefour, wants to sell its own brand of petrol in Argentina. Although reluctant to give details, the company says it will respect its current contract with Eg3 until it runs out. Carrefour currently has 12 self-service petrol stations adjacent to hypermarkets in the country selling between 20,000 and 30,000 litres daily at a cost 12% below the market average. With 4 more stations to be added soon, Carrefour is paving the way to repeat its success in France. Although economic advisors to Repsol/YPF (owners of Eg3) maintain that Carrefour can not make money from selling petrol at cheaper prices, a Carrefour spokesmen maintained that if it were not profitable, they wouldn't be doing it. Petrol sells at US$ 1.13 the litre in Argentina, the highest in Latin America. The big players there, Repsol-YPF, Shell and Esso, tend to adjust prices upwards when international prices rise but not the reverse when they go down. Carrefour plans are being applauded by the government and consumers alike. BRAZIL: VENEZUELAN OIL REFINING IN BRAZIL O Estado de S.Paulo, 12 Apr 2000, p. B-2:- There is a rumour affirming that the project to install a refinery of the Venezuelan oil company PDVSA in the Brazilian Northeast region began to be discussed again when the Brazilian president Fernando Henrique Cardoso visited Venezuela. But such rumour is not confirmed by the Brazilian state-owned oil company Petrobras. URUGUAY: UTE-ANCAP ALLIANCE El Observador, 11 Apr 2000, p. on line:- Uruguay's state-owned energy firm UTE and this country's oil company ANCAP will have to create an alliance to play as a holding in the negotiations they will face with the companies that are currently constructing the gas pipeline Cruz del Sur, which will link Argentina and Uruguay. The combined force of both companies may allow Uruguayan consumers to be benefited with lower prices and tariffs. The alliance was encouraged by Uruguay's president Jorge Batlle. UTE also announced it prefers to construct a new thermal station in Paysandu, Uruguay, instead of transforming one of its plants located on the Atlantic coast. The move will allow UTE to obtain reduced prices from gas suppliers, mainly Pan American Energy, TGS and British Gas, all of them partners in the Cruz del Sur project. UTE is studying three different alternatives of power stations. First, a 120 MW-180 MW thermal station, second, a 240 MW-340 MW station or a 800 MW thermal station in association with international firms interested in trading electr icity to South Brazil. BRAZIL: AZURIX KEEPS FORTIFYING Gazeta Mercantil, 12 Apr 2000, p.C-6:- Azurix, a subsidiary of the American group Enron, keeps using the strategy of small investments to fortify in Brazil. Geoplan, the subsidiary of Azurix which won the tender for water and sewerage supply in the city of Sao Jose do Rio Preto (Brazilian state of Sao Paulo), will start an audit, which was a condition for the concession, in the regional sanitary division of the city. The contract will be signed 15 days after the end of the audit. According to the president of Azurix in Brazil, Flavio Godinho, although the company was not pre- qualified for the tender of privatisation of the Brazilian sanitation company Manaus Saneamento, Azurix will try to acquire Embasa (sanitation company of the state of Bahia) and Compesa (sanitation company of the state of Pernanbuco), which may have their tenders held by the end of 2000. MEXICO: ENRON WIL BUILT NEW POWER PLANT Excelsior, 11 Apr 2000, p.:- The new power plant of Enron in Monterrey, Mexico, will start its operations by the beginning of 2002. The plant will have an installed capacity of 245 megawatts/hour and 210 ton/hour of steam. The Groups Vitro and Imsa are the first companies in signing an agreement with Enron. Mr. Max Izaguirre, president of Enron Mexico, said that there is still power capacity for a few other industrial companies that may be interested. The companies signing the agreement will have to pay the monthly fee for the service and have to get at least one share in the Enron project, which does not mean that they have to be co-investors. The Mexico power demand grows by an average of 6% every year. During the first quarter of 2000 the demand has grown substantially by 7.5%. The government projects the increase of the power generation by 22,000 megawatts within the next 7 to 8 years.
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