ITEM NO 1

Country BRAZIL                                 AP078557XX

Request for FINAL COMMITMENT

Applicant      BNP-PARIBAS, NEW YORK NY

Borrower       IBIRITERMO S.A., IBIRITE, MINAS GERAIS 30180-120
                BRAZIL

Guarantor      NONE

Buyer          IBIRITERMO S.A., IBIRITE, MINAS GERAIS 30180-120
                 BRAZIL

End-user       IBIRITERMO S.A., IBIRITE, MINAS GERAIS 30180-120
                 BRAZIL

Exporter       TAYLOR DEJONGH INC, WASHINGTON DC

Exporter       WINSTON & STRAWN, WASHINGTON DC

Exporter       ADDITIONAL EXPORTERS

Supplier       GENERAL ELECTRIC INTERNATIONAL, SCHENECTADY NY

Supplier       TAYLOR DEJONGH INC, WASHINGTON DC

Supplier       ADDITIONAL SUPPLIERS

Project Name IBIRITERMO

Project Description IBIRITERMO COMBINED CYCLE POWER PLANT

Product Description TECHNICAL SERVICES

Financed Amount USD   49,652,443

(Max) Repayment Term  12 YR

Board Decision APPROVED