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Gold/Mining/Energy : Enron - Natural Gas Industry -- Ignore unavailable to you. Want to Upgrade?

To: Geoff who wrote (79)	10/2/1998 12:04:00 PM
From: Geoff	Respond to of 1433

Dow Jones reports the following: Shell International Gas Ltd., part of Royal Dutch/Shell group, and Enron International, a division of Enron Corp. (ENE), announced Friday finalization of a partnership deal to develop the Cuiaba Power project in Brazil. The project comprises a gas-fired combined cycle power plant in Mato Grasso state and a 630-kilometer natural gas pipeline in Brazil and Bolivia to feed the plant. Shell said in a statement that the project's total value is around $500 million with Shell having an equity stake of 25% in the plant and 35% in the pipeline. The power plant company, Empresa Productora de Energia will sell the electricity to Eletronorte under a long-term sales agreement signed last November. The project provides a second pipeline outlet for Bolivian gas into Brazil in addition to the main line currently under construction in which Shell and Enron also have an interest. There is no mention in the article of ENE's stake in the plant or pipeline. I wonder what ENE's side of the deal is... later, geoff