Intergen Completes Financing Of Callide Power Plant In Australia

17 October 2000 Boston, MA

Intergen Completes Financing Of Callide Power Plant In Australia

"When it enters commercial operations, Callide C will be the lowest marginal cost generator in Queensland and among the lowest in the Australian market. Callide C will also be the cleanest coal generator, due to the installation of leading-edge boiler technology that is the first of its type in Australia. Adding Callide C to our Australia portfolio will significantly enhance our competitiveness in the Queensland and National Electricity Market," said Carlos Riva, President and CEO of InterGen.

Callide C is a two unit (2x420 MW) facility presently in construction under a fixed price lump sum contract, with a consortium that includes Mitsui, Toshiba, and IHI Engineering. Coal will be sourced from the adjacent Callide coal fields.

InterGen is an international power generation firm. The Company is operating or building a total of thirteen power stations representing 10,350 MW. It also has power stations in advanced development representing an additional 6,495 MW. The Company has projects operating, under construction, and/or in advanced development in a number of countries including the United Kingdom, the Philippines, Colombia, Mexico, China, Egypt, Turkey, Brazil, and Australia, and is developing projects across the globe. InterGen is a Shell-Bechtel venture.

About Bechtel

Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, we’ve completed more than 25,000 extraordinary projects across 160 countries on all seven continents. We operate through four global businesses: Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live.


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