AZITO (PART'L GUAR)-DROPPED

dropped

The Azito Power Project's objective is to provide power to meet expected demand growth and improve service delivery in Cote d'Ivoire at a competitive price. This objective is to be achieved through a private provider, CINERGY, which won the contract competitively to build, own, operate, for a term of 24 years, a 300 MW (megawatt) gas-fired power plant. The project consists of a Power Plant component and a Transmission component. The Power Plant is expected to be undertaken in three phases although the scope of the existing project is limited to the first two phases. Phase I, an open cycle gas turbine of 150MW, is currently under construction and is scheduled for commissioning in 1999. Phase II consists of an open cycle gas turbine of 150MW, which is scheduled for commissioning in 2000. The Transmission component, which will transport power from Azito to the existing power system and reinforce the existing grid, will be coordinated with the first two phases of the Power Plant.