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"Today's vote by the House of Representatives in favor of this
poorly-conceived trade agreement is a devastating loss for Central Americans
living with HIV/AIDS where affordable, life-saving medications just became
further out of reach," said Michael Weinstein, President of the AIDS
Healthcare Foundation, which operates three HIV clinics in Honduras that offer
free AIDS care and generic antiretroviral medications.

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5 billion, Globeleq is the only operating
power company solely focused on the emerging markets of Africa, the Americas
and Asia .

streetkids territory

HOUSTON, Globeleq, the emerging markets power
company, announced today that it had reached an agreement to purchase a
majority of El Paso Corporation's power generation assets in Central America . Globeleq is actively pursuing further acquisitions and new
project development.

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The transaction is expected to close in 2006.

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, AIDS advocates from AIDS
Healthcare Foundation (AHF), the nation 's largest provider of HIV/AIDS medical
care serving thousands of patients in the US, Africa, Central America and
Asia, today denounced the approval of the Central American Free Trade
Agreement (CAFTA ) by the United States House of Representatives, which
ratified the trade agreement in a 217 to 215 vote.

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Steve Pearlman, Globeleq Senior Vice President for the Americas,
commented, "We are very pleased to have reached this important agreement.

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AHF Calls CAFTA Win 'Devastating Loss' for Central Americans With HIV/AIDS

"For patients
currently on treatment in Central America, CAFTA means a fifteen-fold increase
in the cost of their medications, making the House's action today not only a
tragedy for Central American HIV patients but a dangerous precedent that
compromises World Trade Organization principles asserting that trade accords
should not interfere with public health and access to medicines.

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establishment agreement

"
The transaction includes interests in 6 power generation projects in El
Salvador, Nicaragua, Panama and the Dominican Republic.

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With assets valued at over $1.

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Trade Agreement With Anti-Generic Drug Provisions Approved by House of
Representatives Today in 217 to 215 Vote; Nation's Largest AIDS Organization
Denounces Action and Calls on Global Community to Recognize HIV/AIDS as
International Public Health Emergency

WASHINGTON D.C.

Sites dealing with social controversies in Central America.

cafta tribunal

Since 2002 the company has acquired more than 2,200 MW of
generation capacity, reaching a total of more than 3,000 MW in 20 projects in
15 countries.


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Globeleq to Purchase Latin American Power Assets

It is the only way to ensure that profits won't
continue to be protected at the expense of the public's health and that people
in developing nations don't end up paying for trade agreements such as CAFTA
with their lives."


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By
adding to our existing regional positions in the Dominican Republic , Nicaragua
and Guatemala, and expanding our presence into Panama and El Salvador, we will
be in a strong position to meet growing demand throughout the region.

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"
Globeleq currently owns over 700 megawatts (MW) of generating capacity in
the Americas. In light of
today's vote, AHF calls upon the global community -- including the
pharmaceutical industry, funding bodies such as UNAIDS and the WHO, as well as
the UN Security Council and the WTO -- to stand up for the basic human right
to health and access to medications and to declare the HIV/AIDS pandemic a
global health emergency .

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In August, 2005, Globeleq agreed to purchase El Paso's power
generation assets in Southeast and South Asia.

honduras indigenous


"This acquisition strengthens our position in Central America, adding key
markets to our existing portfolio," said Globeleq CEO Robert Hart. "With a
solid platform of operating assets , we will be poised to support the further
growth of the electric sector in this important, growing and increasingly
integrated region. HIV/AIDS advocates oppose
the treaty because of its anti -generic drug provisions that require
participating Central American countries -- Costa Rica, the Dominican
Republic, El Salvador, Guatemala, Nicaragua, Honduras -- to strengthen patent
laws to mirror US policy and will, therefore, severely limit access to
affordable, life-saving anti-retroviral therapies (ARVs) for HIV/AIDS
treatment in these developing nations.

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