Significant activities Week of June 12

Major activities we have been working on include:

1. Equity selldown issue - Trakya, India
We have met with OPIC and EXIM and requested that they develop policies to
guide proposed selldown considerations
2. Azurix - Buenos Aires province water financing. We have spent
considerable time with azurix and the lending institutions getting all
parties geared up for fall Board consideration
3. Cuiaba
Conservation program - Woeking in 'washington to resolve concerns about the
CFCP.
Cuiaba II - siting of compression station issues. I am insisting on an
engineering report that demonstrates the efforts we have made to avoid
putting compressor stations in the sensitive areas. Then we will need a
thorough consultation internally to decide the best way to present our
conclusions not only to the NGO community but also to our friends who have
supported us on Cuiaba.
4. OPIC in Mexico
W are working with OPIC to develop a program enabling OPIC to move into
Mexico. Scott is working with Max Iziguirre to identify potential project
leads
5. DR - IFC Default. On June 15 we defaulted on the IFC loan. We are
ramping up a campaign to put pressure on the DR in this regard.