Rondog, A brief overview. With increasing government legislation in Australia and internationally has increased demand for renewable energy. The asset base is diversified with 50% of generating capacity in Australia, 33.6% in Chile, 15.4% in the Philippines and the balance in Fiji. This should lower overall earnings risk for the company. Pacific Hydro is 2 years into a five year plan, which aims to significantly increase power generating capacity. They currently have installed renewable energy generating capacity of 227.3MW. By 2005, they are projecting an additional 246MW of capacity will be online, and that 1300MW of additional projects will be under development.
Inital target is towards 3.80. Medium to Longer term $5.00 if the can deliver on there groth strategy.
