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MERRILL INTERNATIONAL, LTD., TO LEAD SPECIAL PROJECTS GROUP FOR ENRON DEVELOPMENT CORP.
FOR IMMEDIATE RELEASE: Wednesday, November 6, 1996
HOUSTON -- Enron Development Corp. (EDC), a wholly owned subsidiary of Enron, and Merrill International, Ltd. (Merrill), one of the world's leading developers of privately-financed greenfield electric power projects, announced today that Merrill will lead EDC's newly formed special projects group focusing on infrastructure projects outside the traditional electric power business.
Under the direction of John P. Merrill, Jr., key Merrill personnel will work exclusively for the new EDC special projects group, along with EDC personnel. The group will manage a number of new EDC initiatives emphasizing the use of natural gas in infrastructure development.
"John's broad skills as an international developer will aid EDC in identifying special resources that can be applied to the energy needs of developing markets," said Rebecca P. Mark, EDC chairman and chief executive officer. "His insight into the long-range infrastructure goals of these regions should prove equally helpful to the project management strategies used by Enron Global Power & Pipelines."
"We are very pleased to join with Enron in this new effort," Merrill said. "In our five years of developing projects around the world, we've become increasingly aware of opportunities outside the traditional power business that can be exploited by a strong development group."
Merrill International Ltd. is one of the world's leading developers of privately-financed greenfield electric power projects. The company's development initiatives in regions such as Latin America, the Middle East and Australia/New Zealand emphasize gas turbine technology and its project portfolio includes two innovative wind energy projects. Merrill also is a former president and chief executive officer of International Paint, Inc. and the founder and former chief executive officer of Putnam, Hayes & Bartlett, Inc., a leader in public policy consulting on energy issues. Merrill holds a B.A. from Harvard College and an MBA from Harvard Business School.
Enron, one of the world's largest integrated natural gas and electricity companies with approximately $15 billion in assets, operates the largest natural gas transmission system in the Western Hemisphere and the second largest system in the world; is the largest purchaser and marketer of natural gas and the largest non-regulated marketer of electricity in North America;
produces and markets natural gas liquids worldwide; owns 59 percent of Enron Oil & Gas Company, one of the largest independent (non-integrated) exploration and production companies in the United States; owns 59 percent of Enron Global Power & Pipelines L.L.C., which is owner and manager of operating power plants and natural gas pipelines around the world; and is one of the largest independent developers and producers of electricity in the world. Enron is traded under the ticker symbol, "ENE."
For additional information please contact:
Carol Hensley
(713) 853-6498
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