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Fortnightly Magazine - January 15 1995

Privatization Knocks

The timely article on Central America and the Caribbean by Lee M. Goodwin (Nov. 15, 1994) omitted to mention the privatization potential of the region's utility systems. For example, Grenada recently privatized 50 percent of its utility, GRENLEC, and Trinidad and Tobago has privatized electric generation. These alternatives to "greenfields" project development deserve attention from U.S. developers as well. In any case, based on my experience, I would certainly echo Mr. Goodwin's admonition to bear in mind the unique features of these markets, while also endorsing the advantages they offer to smaller (as well as larger) developers because of their comparatively smaller size and geographic proximity.

Roger B. Wagner, Attorney

McDermott, Will & Emery

Washington, DC

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