Mr. J. Lorenzo Sa=E1 B., Gerente General; Electroambato S.A.; P.O. Box 419; Ambato, Ecuador; Telephone/Fax: 593-3-852-729; Additional Fax: 593-3-854-803; Email: inti@tu.pro.ec

B -- LA POSTA THERMAL ENERGY POWER PLANT FEASIBILITY STUDY -- ECUADOR POC POC Evangela Kunene, USTDA, 1621 N. Kent Street, Suite 300, Arlington, VA 22209-2131, Tel: (703) 875-4357, Fax: (703) 875-4009 Electroambato, S.A., (the Grantee) invites submission of qualifications and proposal data (collectively referred to as the "Proposal") from interested U.S. firms which are qualified on the basis of experience and capability to develop a feasibility study for a greenfield 30MW (initial size) thermal project, comprised of heavy fuel diesel engines in simple cycle, proposed to be located on the eastern slopes of the main cordillera in the Amazon Basin, in Pastaza Province. The project is expected to grow to 50MW within a year or two, and the final permit has been obtained which is required under the new Ecuadorian regulations for privately-owned projects of less than 50MW. EEASA is the Ecuadorian utility which would purchase the power generated by the Electroambato project. Electroambato S.A is a private Ecuadorian firm, located in the city of Ambato. Firms which are experienced in developing and obtaining limited recourse financing for IPP generation projects, and which will commit specific experienced personnel to work on the Project with the Grantee, will be preferred. The Grantee is interested in firms capable of the operation and construction of the project. The Grantee prefers that submitting firms have close ties with suppliers and operators of electrical generation equipment similar to the electrical generation equipment to be installed in the La Posta project. Specific tasks to be completed for the study include the following: 1) Perform modeling studies for load flow, stability, and short circuit analyses for existing transmission system, and support the Grantee's interconnection discussions with the EEASA. 2) Perform configuration review and optimization of cycle arrangement. 3) Perform facility conceptual engineering and detailed capital cost estimate. 4) Work with the Grantee to prepare operating cost estimate. 5) Perform all facility studies and evaluations to support the EPC bidding process. 6) Perform environment related studies and analyses to support the Grantee's permit standards. 7) Prepare a final report for the Project. The U.S. firm selected will be paid in U.S. dollars from a $150,000 grant to the Electroambato S.A. from the U.S. Trade and Development Agency (TDA). The overall budget for completing the feasibility study has been estimated by TDA to be $175,960, and the remaining costs of $25,960.00 necessary to complete the feasibility study will be contributed in-kind by the U.S. company selected to perform the feasibility study. A detailed Request for Proposals (RFP), which includes requirements for the Proposal, the Terms of Reference, and a background definitional mission report are available from TDA, at 1621 N. Kent Street, Suite 300, Arlington, VA 22209-2131. Requests for the RFP should be faxed to the IRC, TDA at 703-875-4009. In the fax, please include your firm's name, contact person, address, and telephone number. Some firms have found that RFP materials sent by U.S. mail do not reach them in time for preparation of an adequate response. Firms that want TDA to use an overnight delivery service should include the name of the delivery service and your firm's account number in the request for the RFP. Firms that want to send a courier to TDA to retrieve the RFP should allow one hour after faxing the request to TDA before scheduling a pick-up. Please note that no telephone requests for the RFP will be honored. Please check your internal fax verification receipt. Because of the large number of RFP requests, TDA cannot respond to requests for fax verification. Requests for RFPs received before 4:00 PM will be mailed the same day. Requests received after 4:00 PM will be mailed the following day. Please check with your courier and/or mail room before calling TDA. Only U.S. firms and individuals may bid on this TDA financed activity. Interested firms, their subcontractors and employees of all participants must qualify under TDA's nationality requirements as of the due date for submission of qualifications and proposals and, if selected to carry out the TDA-financed activity, must continue tomeet such requirements throughout the duration of the TDA-financed activity. All goods and services to be provided by the selected firm shall have their nationality, source and origin in the U.S. or host country. The U.S. firm may use subcontractors from the host country for up to 20 percent of the TDA grant amount. Details of TDA's nationality requirements and mandatory contract clauses are also included in the RFP. Interested U.S. firms should submit their Proposal in English directly to the Grantee by 4:00 PM, April 20, 1998 at the above address. Evaluation criteria for the Proposal are included in the RFP. Price will not be a factor in contractor selection, and therefore, cost proposals should NOT be submitted. The Grantee reserves the right to reject any and/or all Proposals. The Grantee also reserves the right to contract with the selected firm for subsequent work related to the project. The Grantee is not bound to pay for any costs associated with the preparation and submission of Proposals. (0062)

Loren Data Corp. http://www.ld.com (SYN# 0008 19980306\B-0001.SOL)