> DEFINING QUALITIES

> BACKGROUND

> EXPERTISE

> MANAGEMENT

By combining industry knowledge, extensive financial and technical skills and a deep understanding and commitment to the region, Conduit creates opportunities for both investors and project developers. This approach is distinguished by the following:

Private Equity Investing - A Network of Global Relationships: Conduit's Latin Power Funds are carefully developed and structured to deliver strong investment returns. For over a decade, Conduit has enjoyed long-standing relationships with global market private investors - some of the world's leading institutions - guiding them to opportunities in the Latin America infrastructure arena.

Global Finance Capabilities: Conduit identifies and evaluates independent power investment opportunities by employing strict corporate/global finance disciplines and then developing innovative financial structures that maximize cash flow.

Project Finance and Operational Experience in the Energy Sector: Combining finance and engineering skills, Conduit knows not only how to invest but how to build and operate electrical power plants - a value-added advantage in the highly technical energy sector.

Cultural Fluency: As a team of multi-ethnic, multi-lingual professionals fluent in Spanish and Portuguese, Conduit engenders trust and loyalty in the pan-Latin American marketplace. This increases access to new deals and facilitates more creative and effective results in a multicultural environment.

Flexibility and Judgment: As a small, cohesive team with skilled judgment earned from over ten years dedicated to this market sector, Conduit can make quick decisions to take advantage of investment opportunities as they are presented. This stands in sharp contrast to groups at larger firms that do not have the flexibility to react quickly because of bureaucratic issues or lack of experience.

	THE LATIN AMERICAN MARKET OPPORTUNITY: A scarcity of local capital Current and projected electric power demand growth, in the face of growing shortages, stand at 1.5 to 2.0 times the growth in GDP Political reforms in the region favor foreign investment Latin Power Fund IRRs projected in the range of 20% -- excluding substantial upside potential from asset sales

	THE CONDUIT OPPORTUNITY: Over ten year superior performance record in managing Latin Power Funds An independent company solely focused and dedicated to Latin Power opportunities A reputation for trust and integrity in Latin America heightens access to a pipeline of projects The exit of strategic players in the Latin American Power segment creates great opportunity for financial players with the experience and know-how