el paso unveils wholesale trading desk . fyi -
- - - - - original message - - - - -
from : djcustomclips @ djinteractive . com @ enron [ mailto : imceanotes - djcustomclips + 40 djinteractive + 2 ecom + 40 enron @ enron . com ]
sent : wednesday , june 20 , 2001 7 : 05 am
to : 168842 @ mailman . enron . com
subject : rahil jafry : el paso unveils wholesale trading desk .
el paso unveils wholesale trading desk .
06 / 19 / 2001
business news americas
copyright 1996 - 2001 business news americas ( bnamericas . com )
el paso energy brasileira gasoduto
bolivia - brasil s . a . gas transboliviano s . a .
united states power company el paso yesterday unveiled a wholesale
trading and risk management platform at its us $ 10 mn headquarters in rio
de janeiro , which will cover all of el paso ' s latin american operations ,
the company said in a statement .
" with the implementation of merchant power stations [ in brazil ] the
company will begin to commercialize electric energy on the wholesale
market for distributors and large clients , " el paso said .
the trading desk has 54 stations , and is similar to that of a
stockbroker trading house , the company explained . it is the same system
used by el paso ' s merchant energy group at the company ' s houston
headquarters , with 300 traders , and in london , where it has 150 traders .
contracts are closed through the wholesale energy market ( mae ) or
through bilateral contracts , el paso explained .
the trading desk is part of el paso ' s strategic shift to concentrate on
developing regional bases with integrated businesses , from exploring ,
extracting and transporting natural gas to thermoelectric power
generation and electricity trading . some us $ 5 bn will be invested in
brazil through 2005 .
as well as a number of exploration and production activities in brazil ,
el paso has generating projects under way or under evaluation which will
total 2 , 625 mw installed capacity :
the projects are 100 % ownership of the 400 mw manaus natural gas plant in
amazonas state that began operations in 1997 ; 100 % of the 870 mw macae
merchant natural gas thermoelectric project in rio de janeiro , scheduled
to begin 200 mw operations in september 2001 and full production in 2002 ;
50 % of the 350 mw porto velho thermoelectric project in roraima ,
scheduled for operations in september 2001 . the plant will initially use
diesel fuel , until a natural gas pipeline can be built to supply the
plant , which will the be converted to use three natural gas turbines and
one steam turbine . brazil ' s cs participacoes the remaining 50 % .
an additional projects is the 480 mw araucaria thermoelectric project in
parana state , scheduled to begin operations in mid - 2002 , with two
natural gas turbines and one steam turbine . el paso owns a 60 % stake
while brazil ' s copel and petrobras subsidiary gaspetro each own 20 % .
projects under evaluation are the 300 mw termocatarinense norte -
guaramirim thermoelectric project in santa catarina , in which el paso
owns 70 % ; and the 225 mw paracambi thermoelectric project in rio de
janeiro that would produce 125 mw from early 2002 followed by a further
100 mw from 2003 . el paso would own 100 % of this project .
el paso also owns a 9 . 67 % stake in tbg , the brazilian management company
of the bolivia - brazil natural gas pipeline , and a 2 % stake in bolivian
management company gtb .
http : / / www . bnamericas . com
copyright 1996 - 2001 business news americas ( bnamericas . com ) .
folder name : rahil jafry
relevance score on scale of 100 : 82
to review or revise your folder , visit http : / / www . djinteractive . com or contact dow jones customer service by e - mail at custom . news @ bis . dowjones . com or by phone at 800 - 369 - 7466 . ( outside the u . s . and canada , call 609 - 452 - 1511 or contact your local sales representative . )
copyright ( c ) 2001 dow jones & company , inc . all rights reserved
el paso unveils wholesale trading desk .
fyi -
- - - - - original message - - - - -
from : djcustomclips @ djinteractive . com @ enron [ mailto : imceanotes - djcustomclips + 40 djinteractive + 2 ecom + 40 enron @ enron . com ]
sent : wednesday , june 20 , 2001 7 : 05 am
to : 168842 @ mailman . enron . com
subject : rahil jafry : el paso unveils wholesale trading desk .
el paso unveils wholesale trading desk .
06 / 19 / 2001
business news americas
copyright 1996 - 2001 business news americas ( bnamericas . com )
el paso energy brasileira gasoduto
bolivia - brasil s . a . gas transboliviano s . a .
united states power company el paso yesterday unveiled a wholesale
trading and risk management platform at its us $ 10 mn headquarters in rio
de janeiro , which will cover all of el paso ' s latin american operations ,
the company said in a statement .
" with the implementation of merchant power stations [ in brazil ] the
company will begin to commercialize electric energy on the wholesale
market for distributors and large clients , " el paso said .
the trading desk has 54 stations , and is similar to that of a
stockbroker trading house , the company explained . it is the same system
used by el paso ' s merchant energy group at the company ' s houston
headquarters , with 300 traders , and in london , where it has 150 traders .
contracts are closed through the wholesale energy market ( mae ) or
through bilateral contracts , el paso explained .
the trading desk is part of el paso ' s strategic shift to concentrate on
developing regional bases with integrated businesses , from exploring ,
extracting and transporting natural gas to thermoelectric power
generation and electricity trading . some us $ 5 bn will be invested in
brazil through 2005 .
as well as a number of exploration and production activities in brazil ,
el paso has generating projects under way or under evaluation which will
total 2 , 625 mw installed capacity :
the projects are 100 % ownership of the 400 mw manaus natural gas plant in
amazonas state that began operations in 1997 ; 100 % of the 870 mw macae
merchant natural gas thermoelectric project in rio de janeiro , scheduled
to begin 200 mw operations in september 2001 and full production in 2002 ;
50 % of the 350 mw porto velho thermoelectric project in roraima ,
scheduled for operations in september 2001 . the plant will initially use
diesel fuel , until a natural gas pipeline can be built to supply the
plant , which will the be converted to use three natural gas turbines and
one steam turbine . brazil ' s cs participacoes the remaining 50 % .
an additional projects is the 480 mw araucaria thermoelectric project in
parana state , scheduled to begin operations in mid - 2002 , with two
natural gas turbines and one steam turbine . el paso owns a 60 % stake
while brazil ' s copel and petrobras subsidiary gaspetro each own 20 % .
projects under evaluation are the 300 mw termocatarinense norte -
guaramirim thermoelectric project in santa catarina , in which el paso
owns 70 % ; and the 225 mw paracambi thermoelectric project in rio de
janeiro that would produce 125 mw from early 2002 followed by a further
100 mw from 2003 . el paso would own 100 % of this project .
el paso also owns a 9 . 67 % stake in tbg , the brazilian management company
of the bolivia - brazil natural gas pipeline , and a 2 % stake in bolivian
management company gtb .
http : / / www . bnamericas . com
copyright 1996 - 2001 business news americas ( bnamericas . com ) .
folder name : rahil jafry
relevance score on scale of 100 : 82
to review or revise your folder , visit http : / / www . djinteractive . com or contact dow jones customer service by e - mail at custom . news @ bis . dowjones . com or by phone at 800 - 369 - 7466 . ( outside the u . s . and canada , call 609 - 452 - 1511 or contact your local sales representative . )
copyright ( c ) 2001 dow jones & company , inc . all rights reserved