PMEG Announces the Appointment of Regional Director for Latin America

ATLANTA (Aug. 17, 2008) – Mr. Tom Paul, President of PIC-Marubeni Energy Group (PMEG), today announced the company has confirmed the appointment of Mr. Carlos A. Lopez as Regional Director for Latin America. In this position, Mr. Lopez will have direct responsibility for all technical and commercial aspects of PMEG business in the region.

Mr. Lopez has more than 25 years experience in the power generation industry with expertise in management, maintenance, and operation of combustion turbine power plants, both single and combined cycle technologies. He has managed the operation of several facilities with success in Peru and Brazil, including the 188-MW Termoselva power station contracted through PMEG subsidiary PIC del Peru S.A.C. Mr. Lopez has been a key player in the continuous growth of PMEG in the Latin American Region. In addition to managing PMEG’s O&M team at Termoselva, Mr. Lopez led the company’s efforts in successful signing of new O&M contracts for the Termocol combustion turbine power station in Colombia (April, 2007); and the new hydro power station in Peru owned by Peruana de Energia S.A. (June, 2007). His team is also close to signing new O&M contracts for additional power stations in Panama and Chile, expected before year end. In accordance with previous plans, PMEG continues to expand its corporate presence in Latin America with new companies and offices to support its increasing business activities in the region. As Regional Director, Mr. Lopez will guide and direct PMEG’s ever-increasing expansion in Latin America. According to Tom Paul, “Mr. Lopez embodies all the characteristics customers have come to expect from PMEG…extreme technical and managerial competency wrapped in trust, honor, commitment, and respect…all the while giving credit to his team members that do the work every day at the plants.”

PIC-Marubeni Energy Group (PMEG), a subsidiary of The PIC Companies and Marubeni Corporation, provides full third party O&M services for power generation facilities worldwide. PMEG’s offerings ranging from simple O&M staffing programs to full care, custody and control with management of major maintenance activities. PMEG’s experience includes more than 13,500 MW of contracted O&M services in nine (9) countries. PMEG serves the Latin American market from its corporate office in Atlanta, Georgia and its regional offices in Peru and Colombia.

The PIC Companies, headquartered in Marietta (Atlanta), Georgia and established in 1988, is a leader in providing global service solutions to the energy industry. Offering full scope turbine and boiler outage services, balance of plant mechanical services, equipment commissioning, integrated plant start-up, and complete staffing solutions for all aspects of project development and execution.

Marubeni Corporation is a publicly listed company headquartered in Tokyo, Japan with over $41 billion in assets and approximately $4.6 billion in gross profit (2006). The company was founded in 1858 and currently has 124 offices in 74 different countries around the world.