Enron Brazil To Invest $455 Million In Gas Distribution '01-'04

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Ann M Schmidt
10/16/2000 04:24 PM

To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Meredith
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Subject: Enron Brazil To Invest $455 Million In Gas Distribution '01-'04

Enron Brazil To Invest $455 Million In Gas Distribution '01-'04

10/16/2000
Dow Jones International News
(Copyright © 2000, Dow Jones & Company, Inc.)

RIO DE JANEIRO -(Dow Jones)- Enron Corp. (ENE) said Monday it will invest
$455 million in its gas distribution business in Brazil from 2001 to 2004.
Robert Gross, vice president of Enron's Brazilian unit, also said the company
plans to spend $970 million on thermoelectric projects, but he didn't specify
any timetables for the projects.
Gross said Enron will spend $142 million on gas distribution projects next
year in Brazil.
Currently, Brazil's energy regulator Aneel is in the process of licensing
companies to build and operate a total of 44 new thermoelectric plants.
U.S.-based Enron primarily operates in Brazil as a gas and energy
distributor.
-By Adriana Brasileiro, Dow Jones Newswires; 5521-580-9394;
adriana.brasileiro@dowjones.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.