Intergen Announces Brazilian Power Project

28 March 2001 Sao Paulo, Brazil

Intergen Announces Brazilian Power Project

The estimated project cost including construction period costs, will total approximately $650 million dollars. The project is expected to reach financial close in the 4th quarter 2001 and to achieve commercial operations by the second half of 2003. Once completed, Carioba II will be one of the largest gas-fired thermal plants in Latin America and will represent an increase of approximately 9% in the total electricity supply for the greater Sao Paulo region, an area with a population of 17 million people.

The proposed Build, Own, Operate ("BOO") facility will be fueled by natural gas supplied by Comgas from the Bolivia-Brazil pipeline. The plant will be located adjacent to an existing CPFL facility.
"The execution of the PPA is an important milestone for Carioba II and we look forward to adding critically needed capacity to the Brazilian system. Carioba II will be the lowest cost thermal plant in Brazil. Carioba II will also contribute to the continuing economic vitality of the dynamic Campinas region and aid CPFL in maintaining its tradition of reliable and high quality service," said John Foster, Senior Vice President, Latin America for InterGen.

InterGen is a global power generation firm. The Company is operating or building a total of seventeen power stations representing 12,230 MW. It also has projects in advanced development representing an additional 5,360 MW, and more than 9,000 MW in early stage development. The Company has projects operating, under construction and/or in advanced development in the United Kingdom, the Philippines, Colombia, Mexico, China, Egypt, Turkey, Brazil, Australia, United States and the Netherlands and is developing projects across the globe.

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