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Enron Mail |
Louise,
The following are the differences in NPV at 13% for the Vitro project under the three different scenarios you laid out. 1. If we keep the plant, Project NPV@13% : US$ 24.0 MM Equity Investments to Project: US$ 52.8 MM 2. If we sell to Enel's based on their offer as it was delivered to us on March 2 of this year Project NPV@13% : US$ 16.2 MM Equity Investments to Project: US$ 10.5 MM (under this scenario we would fund 100% of the equity required for the project through COD but after giving effect to the cash received up front by Enel, we would only be funding 20% of the equity required from Enron which is equal to the US$ 10.5MM) 3. If sell to Enel under the restructured proposal to achieve our deconsolidation and earnings objectives, Project NPV@13% : US$ 16.8 MM Equity Investments to Project: US$ 10.5 MM (under this scenario we would fund 50% of the equity required for the project through COD but after giving effect to the cash received up front by Enel, we would only be funding 20% of the equity required from Enron which is equal to the US$ 10.5MM) Let me know if you have any questions or if you would like to see more details on the three different scenarios. Thanks, Steve
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