Cuiaba I Project – Sponsor Support
	
	Item Guaranteed	Agreement	Amount or Cap US$	ENE (1)	Shell	Comments	
1	
Liquidity Facility (covering delays in Economic Equilibrium adjustments)	
Liquidity Facility Agreement	
$20,000,000	71.875%	28.125%	EPE %	
				$14,375,000	$5,625,000		
2	
Cost Overrun Support
•	Disputed Change Orders
•	Penalties to Furnas
•	Oil w/o CCC
•	Unspecified Costs	
Equity Contribution Agreement (ECA)	

[$30-$60MM]
[$15MM]
[$50MM]
[$15MM]	 	 	 	
				
*
71.875	%
71.875	%
*	
*
28.125%
28.125%
*	* In accordance with % ownership in Borrower requiring funding	
3	
Inadequate Central Bank Authorization
•	No cross guarantee
	On-going
	Liq/Termination
•	No Onshore US$ Account
	On-going
	Liq/Termination	
Central Bank Indemnity	

$160,000,000
$200,000,000

$12,000,000
$405,000,000	63.40 %	36.60 %	Weighted Avg Ownership	

	

4	
Mismatch in TBS gas price vs EPE gas price	
Gas Price Differential Agreement	
$3,000,000 p.a.	72.5%	27.5%	TBS %	
				$2,175,00 p.a.	$825,000 p.a.		
							
5	
Enron Fuel Standby Arrangements	
Enron Back-up Fuel  Agreement
Replacement Agmt	
LD’s & Secured Obligations	100%	0%		
				LD’s & Secured Obligations