Enron Mail

From:rob.gay@enron.com
To:richard.lammers@enron.com, john.novak@enron.com, laine.powell@enron.com
Subject:OPIC/KFW Next Steps
Cc:tracee.bersani@enron.com, felipe.ospina@enron.com
Bcc:tracee.bersani@enron.com, felipe.ospina@enron.com
Date:Mon, 11 Dec 2000 08:24:00 -0800 (PST)

I spoke with Mary Mervene this morning and the llenders declined to convene
this week although we will arrange an ECA call for Thursday or Friday. Mary
has requested that we do the following:

1) Send the Lenders and S&W the new budget info and the revised change order
summary.

2) Revise the model to reflect the new costs and the new timeline.

3) S&W will review the model and then we will repeat the exercise of
calculating fuel oil and Furnas penalty exposures.

4) Finalize sponsor support elements.

This can all occur fairly quickly except I am concerned because we have not
resolved the budget with Shell, and theoretically the lenders can take 30
days to review the model and budget when submitted.

We also need to discuss strategy because we may want to delete the
contingency from the budget since the lenders are going to want the sponsors
to commit to some general contingency supporty anyway.