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ENRON RENEWABLE ENERGY CORP.'S WIND SUBSIDIARY AWARDED 100 MEGAWATT CONTRACT WITH NORTHERN STATES POWER Enron Wind Corp. now holds world's three largest wind contracts.
FOR IMMEDIATE RELEASE: Wednesday, July 30, 1997
HOUSTON -- Enron Renewable Energy Corp. announced today that Zond Development Corp., an Enron Wind Corp. subsidiary, was selected by Northern States Power (NSP) to supply 100 megawatts of wind generated electricity for NSP in Minnesota.
The 100-megawatt project is the third phase of a 400 megawatt renewables program in which NSP will purchase power under a 30-year agreement with Zond.
"We are delighted and pleased to be selected by NSP to supply Phase III of this world class renewables project," said Kenneth C. Karas, chairman and chief executive officer of Enron Wind Corp. "We applaud NSP's interest and support of environmentally sound sources of electricity."
This project award marks the third 100 megawatt project which will utilize Zond's Z-750 kW Series wind turbine generators, the largest wind turbines manufactured in the United States. Zond Development Corp. is currently constructing NSP's 107 megawatt Phase II wind generation project, which consists of 143 Zond Z-750 kW wind turbines. In March 1997, Zond Development Corp. signed a 112.5 megawatt wind supply contract with MidAmerican Energy Company, a major midwest utility. These contracts are the largest wind power contracts in the world.
Enron Corp., one of the world's largest integrated natural gas and electricity companies with approximately $19 billion in assets, operates one of the largest natural gas transmission systems in the world; is the largest purchaser and marketer of natural gas and the largest non-regulated marketer of electricity in North America; is a leading participant in liberalized energy markets in the United Kingdom and the Nordic Countries; markets natural gas liquids worldwide; manages the largest portfolio of fixed-price natural gas risk management contracts in the world; is among the leading entities arranging new capital to the energy industry; owns a majority interest in Enron Oil & Gas Company, one of the largest independent (non-integrated) exploration and production companies in the United States; owns a majority interest in Enron Global Power & Pipelines L.L.C., which is owner and manager of operating power plants and natural gas pipelines around the world; is one of the largest independent developers and producers of electricity in the world; and is a major supplier of solar and wind renewable energy worldwide. Enron's internet address is www.enron.com and its common stock is traded under the ticker symbol, "ENE."
For additional information please contact:
Carol Hensley
(713) 853-6498
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