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Millmerran Power Facility Dedicated in Queensland, Australia

January 31, 2003

The Millmerran Power facility, an 840 megawatt, coal-fired power plant, was dedicated in a ceremony attended by Queensland Premier Peter Beattie and other federal, state and local dignitaries. The $900 million power plant and supporting infrastructure represents the second largest private investment in Queensland and the largest such project in the world to be funded on a non-recourse project finance basis.