Intergen Announces Commercial Operations of Rijnmond Power Facility in The Netherlands

Burlington, MA, December 1, 2004 – InterGen today announced that Rijnmond Energie, an 820 megawatt (MW), natural gas-fired, combined-cycle power facility has achieved commercial operations and is dispatching into the Dutch power grid. As a co-generation project, Rijnmond will also supply steam to Shell’s Pernis refinery, located adjacent to the power facility beginning in December.

One of the cleanest and most efficient power facilities in Europe, Rijnmond represents a significant milestone in Europe’s independent power development. Rijnmond’s 820 MW represents approximately 5% of the Dutch power grid – supplying enough power for over 800,000 average households – while meeting the strictest environmental standards and operating with the highest thermal efficiency of any plant in Western Europe. The operation of the facility is already helping the Netherlands achieve its overall CO2 reductions targets.

“The commercialization of Rijnmond represents a number of significant successes for InterGen – from securing financing at a challenging time for the market, to building and bringing this plant online in under two years. We are proud of these achievements and look forward to maintaining a high standard of operational excellence for the facility,” said InterGen CEO Marvin Odum

InterGen is a global power generation firm. The Company is operating or building a total of 18 power stations representing nearly 16,000 megawatts (MW). The Company has projects operating, under construction and/or in active development in the United States, the United Kingdom, the Philippines, Colombia, Mexico, China, Egypt, Turkey, Brazil, Australia, The Netherlands, Spain, Germany and Singapore. InterGen is a Shell-Bechtel venture.