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Mexico, Latin America's second biggest electricity producer after Brazil, has some 36,000 MW of installed generation capacity. Gas-fired plants are the dominant generation source, providing some 22,000 MW of capacity. A further 9,600 MW comes from hydroelectric power, 2,600 MW from coal-fired plants, 1,400 MW in nuclear capacity and 900 MW in geothermal power.

Bonds Issue Date Maturity Issuer Country Principal Amount ($ mil) Offer Price Type of Security Coupon (%) Moody's S&P Bookrunner(s) 07/26/2001 08/01/2003 Pinnacle West Capital United States 250 100 FRNs Floats Baa2 BBB CSFB 07/26/2001 07/31/2002 Williams United States 300 100 FRNs Floats Baa2 BBB- CSFB 07/30/2001 07/31/2006 BC Gas Utility Canada 65.4 99.868 MTNs 6.15 - - SCOTIA 07/30/2001 03/30/2007 Nederlandse Waterschapsbank Netherlands 87.1 96.41 Fxd/Straight Bd 2.5 Aaa AAA CSFB 07/31/2001 08/23/2006 National Grid Group Finance United Kingdom 1092.8 99.71 Fxd/Straight Bd 5.25 A2 A BARCLAYS/DEUTSCHE/JPM 07/31/2001 08/23/2011 National Grid Group Finance United Kingdom 655.7 99.635 Fxd/Straight Bd 6.125 A2 A BARCLAYS/DEUTSCHE/JPM M&A Date Announced Date Effective Target Name Target Country Acquiror Name Acquiror Country Value ($mil) 07/26/2001 07/26/2001 Machadinho Energetica Brazil Alcoa Aluminio Brazil 7.326 07/27/2001 07/27/2001 Central Puerto SA(Gener) Argentina Total Austral Argentina Argentina 255.0 07/30/2001 - Enel SpA-Turin Power Grid Italy AEM Torino Italy 216.48 07/30/2001 07/30/2001 Marcotti Group Italy Ente Nazionale per l'Energia Italy - 07/30/2001 07/30/2001 Tenaga Nasional Bhd-Pahlawan Malaysia Powertek Malaysia 116.816 07/31/2001 - Gasversorgung Sueddeutschland Germany Investor Group Germany - Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

The Egyptian Electricity Authority (EEA) has scrapped plans to finance Cairo North, a build-own-operate-transfer (BOOT) project with non-recourse private sector bank debt and has instead tapped a variety of international and regional development banks for funding, says an official at the Cairo-based utility.

Morocco's Office National Electricité (ONE) has awarded Siemens preferred bidder status to take a 20% stake in a 400 MW combined-cycle gas turbine plant project, dubbed Tahaddart, says Javier Alonso, product manager at Endesa in Seville. Endesa has already been awarded a 32% share in Tahaddart (PFR, 3/26).

ANZ Investment Bank and Arab Banking Corp. will close general syndication this week on the $415 million Barka non-recourse loan, says Paul Mason, project financier, at ANZ in London.

A joint venture betweenCMS Energy and International Power, the preferred bidders for Al Shuweihat S1, has selected seven regional and international banks to arrange the roughly $2 billion construction costs of the 1,500 MW Abu Dhabi power and water desalination project. The project will be financed through a long-dated non-recourse bank loan, says an IP official in London.

Israel's Ministry of Industry is seeking foreign developers to build a roughly 350 MW combined-cycle gas turbine plant in southern Israel under a build, own, operate and transfer (BOOT) scheme. A partner at Joseph Levy & Co., a Tel Aviv law firm that is advising on the project, says the plant likely will cost $400 million to build.

AES has signed up 10 banks to lead the financing for the construction of Ras Lafan, a 700 MW gas-fired power plant and water desalination facility in Qatar.

Bonds Maturity Issue Date Issuer Amt($ mil) Offer Price Type of Security Coupon (%) Moody's S&P Bookrunner 6/30/19 7/19/01 FPL Energy Virginia Funding 435 100 Sr Secured Nts 7.52 Baa3 BBB- GS 7/27/04 7/23/01 Iberdrola International 87.1 99.91 FRNs Floats A1 NR CAINDO 8/2/03 7/24/01 Vivendi Environnement 217.2 100.058 FRNs Floats A3 BBB CAINDO 8/1/31 7/25/01 El Paso Energy 700 99.232 MTNs 7.8 Baa2 BBB JPM M&A Date Date Target Acquiror Acquiror Value Announced Effective Target Country Name Country ($mil) 7/20/01 - Electroandes Peru PSEG Global U.S. 227.1 7/23/01 - Sabesp Brazil Investors Unknown - 7/23/01 - Elettrogen Italy Endesa-led consortium Spain 3197.552 7/23/01 - Energia e Industrias Spain Uralita Spain 100.416 7/23/01 7/23/01 E.on Germany Investors Unknown 416.718 7/23/01 - Qiqihaer Provincial Liquefied China Sound International Hong Kong 1.282 7/25/01 - Lonza Group-Power Transmission Switzerland Energie Baden-Wuerttemberg Germany 281.494 Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

Bahrain's Ministry of Energy is close to selecting an international contractor to add some 510 MW of capacity to the state-run Al Hidd power plant.