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To: Milkman who wrote (193)	11/9/1998 11:02:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 3891

Vivendi,Alstom To Sign FRF1.65B Mexico Power Plant Pact Fri PARIS (Dow Jones)--French conglomerate Vivendi (F.VVN) and Anglo-French group Alstom (ALS) will sign a FRF1.65 billion contract to build a 230 megawatt petroleum coke power plant in Mexico, an Alstom spokeswoman said Monday. Initial investment in the plant is pegged at around $250 million, to be split equally between Vivendi - via its U.S. subsidiary Sithe - and Alstom. Construction work on the plant is scheduled to begin August 1999, with plant start-up seen in February 2002. The Alstom spokeswoman confirmed that the plant would be the largest petroleum coke-fired plant in the world to date. Petroleum coke is an oil refinery by-product, which the Mexican plant will buy from refineries in the region. Electricity generated at the plant will go in the first instance to Mexican cement producer Cementos Mexicanos SA (E.CMX), or Cemex, with any excess sold to Mexico's Comision Federal de la Electricidad. Alstom will be in charge of construction and supply of equipment to the plant, while Sithe will be responsible for its operation. -By Steve Rhinds; +33 (0) 1 53 00 03 10; srhinds@ap.org