Vattenfall sells power companies in Peru

10/11/2001 6:15 AM EST

Vattenfall has now concluded the sale of its assets in Peru to the
American energy company NRG Energy, Inc.

Vattenfall's subsidiary Nordic Power Invest AB (NPI) is selling its
holdings in two Peruvian assets, i.e. approximately 60 per cent of Cahua
S.A. and 100 per cent of Cementos Norte Pacasmayo (CNP) S.A. to the
American energy company NRG Energy, Inc.

"Vattenfall has owned the plants for about a year and the deal gives the
company a very good return on the capital it has invested," says Hans
Lundgren, Vice President of NPI.

Cahua has a generation capacity of 45 MW of hydro power, while CNP has a
generation capacity of 66 MW based on hydro power and diesel-driven
thermal power.

The deal is part of Vattenfall's strategy to focus on its core
operations and concentrate on the northern European market. Earlier this
year, NPI also sold assets in Bolivia and Brazil to NRG Energy (see the
Vattenfall press release dated 5 June 2001).

Skanska, another company that invested in Cahua S.A. last year, will
also now sell its holdings in this company to NRG Energy.

From Vattenfall's Press Office, telephone: 08-739 50 10.

For further information please contact:
Hans Lundgren, Vice President, NPI, telephone +46 8545 161 16, mobile
+46 70539 52 32.

Vattenfall's vision is to be a leading European energy company. Today,
Vattenfall generates power and supplies energy solutions to several
million customers in the Nordic region and northern Europe. The largest
electricity customers are industrial plants and energy companies.
Vattenfall's main products are electricity and heat. The Group's net
sales in 2001 are estimated to over SEK 60 billion. For more
information, see www.vattenfall.com