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Bahrain's Ministry of Finance is expected to select lenders this month to fund the expansion of Al Hidd from a 240 MW, 4.7 million gallon facility to a 750 MW, six million gallons power and water desalination plant, say project financiers. "The Bahrain authorities have been blitzed with proposals varying from multi-tranche corporate loans to long-term non-recourse loans. It has said it would select banks shortly after picking a contractor," says a London-based financier. Last month the MoF hired Alstom Power to undertake the expansion project. It was selected ahead of Enel, Siemens and AES (PFR, 6/11).

Following is a directory of ongoing generation asset sales. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. To report new auctions or changes in the status of a sale, please call Will Ainger, managing editor, at (44-20) 7303-1735 or e-mail wainger@euromoneyplc.com Seller Plants Location MW Plant Type Advisor Status American Electric Power/ Northeastern units 3 & 4 Okla. 300 Coal N/A Reviewing sale strategies. Central and Southwest Corp. Lon C. Hill Texas 546 Gas Nueces Bay Texas 559 Gas Ennis S. Joslin Texas 249 Gas CMS Energy Loy Yang Melbourne, Australia 2,000 Coal Not chosen Announced intention to sell. ADWEA Um Al Nar Abu Dhabi 1,100 Gas & Water Desalination CSFB Expected to send out RFPs in December. DPL All plants Ohio 3,500 N/A Morgan Stanley Edison Mission Fiddler's Ferry U.K. 1,440 Coal Goldman Sachs Examining possible sale. Ferrybridge U.K. 1,900 Coal Endesa Alto Elsa Spain 329 (for all three) Hydro J.P. Morgan Expects to sell the assets by year-end. Pico Spain 329 (for all three) Hydro Navia Spain 329 (for all three) Hydro Garona (50% stake) Spain 466 Hydro trillo (1% stake) Spain 1,066 Hydro Algeciras Spain 324 Gas Puertollano Spain 221 Gas Cercs Spain 160 Gas Escucha Spain 160 Gas Escatron Spain 160 Gas Enel Eurogen Italy 7,008 Various - Having sold Elettrogen it will sell one of the two Interpower Italy 2,611 Various - generation portfolios shortly. IVO Energy Brigg U.K. 240 Gas BNP Paribas Preparing information memo. South Humber U.K. 1,240 Gas Grangemouth*** U.K. 130 Gas Edenderry Ireland 120 Peat Independent Energy Various U.K. 130 N/A KPMG KPMG is handling the asset sale after Independent Energy went into receivership. MARCOR Remediation - Calif. 5.7 Wood - - (A broker acting for an undisclosed seller) Niagara Mohawk Power Nine Mile Point 1 N.Y. 1,614 Nuclear N/A Awaiting bids. Nine Mile Point 2 N.Y. 1,140 Nuclear N/A North Atlantic Energy Seabrook* N.H. 408 Nuclear N/A Must be sold by Dec. 2003. Oman (Ministry of Housing, Rusail Oman 730 Gas - - Electricity & Water) Ghubratt Oman 507 CHP Wad Al-Jazzi Oman 350 Gas Ontario Power Generation Lennox Ontario 2,140 Oil, gas Merrill Lynch & Expects to sell Lennox and Lakeview imminently. Lakeview Ontario 1,140 Coal Scotia Capital- Atikokan Ontario 215 Coal Thunder Bay Ontario 310 Coal Mississagi River Ontario 490 Hydro Pacific Gas & Electric 68 Plants Calif. 3,800 Hydro Morgan Stanley Awaiting PUC approval. Expect sale to close shortly. Powergen Powergen CHP Ltd. U.K. 600 CHP Dresdner Hopes to sell business by year-end. Public Service Co. of New Merrimack N.H. 475.8 Coal J.P. Morgan Subject to approval for rate settlement by PUC Hampshire (Northeast Utilities) Newington N.H. 415 Oil/gas and state legislature. Schiller N.H. 146.6 Oil/gas Lost Nation N.H. 19.1 Diesel Merrimack N.H. 42.2 Diesel Schiller N.H. 18 Diesel White Lake N.H. 23 Diesel Amoskeag N.H. 17.5 Hydro Ayers Island N.H. 9.1 Hydro . Canaan Vt. 1.1 Hydro Eastman Falls N.H. 6.5 Hydro Subject to approval for rate settlement by PUC Garvins Falls N.H. 12.1 Hydro and state legislature. Gorham N.H. 2.1 Hydro Hoolsett N.H. 1.95 Hydro Jackman N.H. 3.55 Hydro Smith N.H. 14.2 Hydro ScottishPower Hazelwood Victoria, Australia 1,600 Coal CSFB Final bids due this shortly. TXU Lake Creek Texas 323 Gas Merrill Lynch Reviewing sales strategy. Tradinghouse Texas 1,340 River Crest Texas 110 Mountain Creek Texas 893 Parkdale Texas 327 North Main Texas 123 Monticello Texas 1,900 Coal Merrill Lynch Is looking to sell an undisclosed number of its Martin Lake Texas 2,250 coal assets. Big Brown Texas 1,150 Sandow Texas 545 TXU Europe West Burton U.K. 2,012 Coal Morgan Stanley It sold one plant, Rugeley, to International Power High Marnham U.K. 945 Coal in June and expects to announce a buyer Ironbridge U.K. 970 Coal for some of the others this summer. Drakelow U.K. 976 Coal Peterborough U.K. 405 Gas King's Lynn U.K. 380 Gas * North Atlantic Energy owns 34.8% of Seabrook *** Fortum owns 75% of Grangemouth. Mitsubishi owns the remainder.

Bonds Issue Date Maturity Issuer Amt ($ mil) Offer Price Type of Security Coupon (%) Moody's S&P Bookrunner(s) 08/31/2001 09/25/2013 Chubu Electric Power 134.7 100 Bonds 1.5 Aa2 AA- NIKKO-SSB M&A Date Announced Date Effective Target Target Country Acquiror Acquiror Country Value ($mil) 08/30/2001 - Etela-Pohjanmaan Voima Finland Investor Group Finland 42.692 08/31/2001 08/31/2001 Luannan Heat & Power China Alliant Energy International U.S. - 08/31/2001 08/31/2001 Zouping Peak CHP Co. China Alliant Energy International U.S. - 09/03/2001 - Agder Energi Norway Statkraft Norway 1469 09/03/2001 09/03/2001 Spark Energy Netherlands Electrabel Nederland Netherlands - 09/04/2001 - Central Electric Co. U.S. AZZ U.S. - 09/04/2001 09/04/2001 Hede Nielsen Denmark L'Air Liquide France - Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

International Bank of Japan will look to bring on board one or two Saudi Arabian or regional banks as co-lead arrangers before launching a $220 million project loan on behalf of Jubail Energy Co. by early November, says an IBJ official. "Our aim is to launch the transaction right on the heels of the [completion of the] Ras Lafan deal and get it closed by mid December," adds the official. Jubail Energy, a joint venture between CMS and local contractor Al Zamil, will use the proceeds from the transaction to finance its acquisition of Sadaf, a 250 MW oil-fired plant in Jubail, Saudi Arabia.Saudi Arabia Basic Industrial Corp. named CMS preferred bidder to acquire the facility in June. It beat a rival bid from Enron to land the plant (PFR, 5/29).

Following is a directory of upcoming Middle Eastern power projects. To report new projects, please call Will Ainger, Managing Editor, at (44-20) 7303-1735 or email: wainger@euromoneyplc.com

The 10 lead arrangers of the Ras Lafan project finance loan plan to syndicate the 18-year deal in a single round later this month to speed up the transaction. In order to reach financial close quickly the bank will forego a junior or intermediate syndication level, but will allow participants to choose from three ticket sizes in a one-stage syndication effort, explains a financier involved in the deal. Lead arrangers Barclays Capital, International Bank of Japan, BNP Paribas, Arab Banking Corp., ANZ Investment Bank, Bank of Tokyo-Mitsubishi, Gulf International Bank, HSBC, Qatar National Bank and Société Générale hope to launch syndication later this month following bank meetings in London and Dhofar.

Bonds Maturity Issue Date Issuer Amt ($ mil) Offer Price Type of Security Coupon (%) Moody's S&P Bookrunner . 08/23/2001 DPL 300 974.29 Trust Pfd Sec's - Baa2 BBB- MORGAN STANLEY 09/01/2011 08/24/2001 DPL 400 99.664 Sr Unsecurd Nts 6.875 Baa1 BBB MORGAN STANLEY 09/01/2016 08/27/2001 Energen Corp 40 100 Notes 6.25 Aaa AAA ED-JONES M&A Date Announced Date Effective Target Target Country Acquiror Name Acquiror Country Value ($mil) 08/23/2001 08/23/2001 Western Hub Properties U.S. Investor Group U.S. 220 08/24/2001 08/24/2001 Stadtwerke Goettingen Germany Investor Group Germany 113.855 08/24/2001 - TXU Corp-Power Stations U.K. Centrica U.K.. 251.072 08/24/2001 08/24/2001 TSH Bio-Energy Malaysia TSH Resources Malaysia - 08/27/2001 - Espoon Sahko Finland E.On Germany - 08/27/2001 - Kelvin Power Station South Africa Investor Group U.S. - 08/27/2001 - PSEG-Argentine Minority Assets Argentina AES U.S. 375.995 08/27/2001 - PW Atex Poland EC Krakow Leg(Finelex) Poland 2.575 08/28/2001 - Termorio(Petroleo Brasileiro) Brazil Investor Group U.S. - Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

State-run Israel Electric Corp. plans to tap the bond and international bank loan market to fund the construction of Project D, a $1.3 billion, 1.2 GW coal-fired plant, says Shaul Zemach, head of energy and infrastructure at the Ministry of Finance in Tel Aviv. He adds the utility has already begun speaking to bond underwriters, and international project financiers, declining to elaborate on which firms are in the running to land the mandates.

Following is a directory of upcoming Middle Eastern power projects. To report new projects, please call Will Ainger, Managing Editor, at (44-20) 7303-1735 or email: wainger@euromoneyplc.com

The Omani government is looking to sell over 1.3 GW of generation assets as part of broader plans to deregulate and liberalize its power market. Calls to Oman's Ministry of Housing, Electricity and Water (MHEW), which is conducting the sale, were not answered.