http://www.worldnetdaily.com/bluesky_smith/19990803_xcsof_clintons_e.shtml While Americans suffer through another hot summer, power companies are struggling to keep up with the demand for electricity. Brown outs, cut backs and major rate hikes are expected all across America as power demands reach an all time high. However, across the Pacific, Indonesians are struggling to pay American power producers for electricity that is not needed, and which they cannot afford. According to newly released documents from the U.S. Commerce Dept., 26 U.S. sponsored electric power projects are on the block because the Indonesian state power company, PLN, is bankrupt. The crown jewel of electricity projects in Indonesia is the huge Mission Energy/GE PAITON coal-fired electric plant in East Java. In 1994, Mission Energy, part of the California Edison power consortium, put great faith in the Clinton administration and Ron Brown to reach Indonesian dictator Suharto. Mission CEO John Bryson even wrote Brown, thanking him for the overwhelming efforts from 1994 through 1995 to get the Indonesians to buy their Paiton bid. Paiton was billed as the first "private" electric plant in Indonesia. However, "private" ownership in Indonesia means owned and operated by the Suharto "First Family". The Indonesian company that owns, operates and fuels the Paiton plant under a 30 year, no cut, contract is PT Batu Hitam Perkasa, owned by Suharto's daughter, Titek Prabowo and her brother-in-law, Hashim Djojohadikusumo. According to the Commerce Dept., ".75%" of the Paiton project was reserved for Suharto's daughter Prabowo. Prabowo's cut amounted to an instant $15 million. Her kick-back, along with a cut for "brother-in-law" Hashim and various other Suharto relatives, was provided up front, in cash, in the form of a $50 million loan. The $50 million loan was to be paid back by the profits (dividends) returned from the $2.6 billion Paiton project. Since there are no profits, there is no pay back. According to the 1994 Commerce Dept. documents, the Asian Development Bank (ADB) was "skiddish" about providing a $50 million bribe to the Suharto family from the U.S. taxpayers. The reluctance to participate in an illegal pay-off, led GE and Mission Energy to seek Clinton help. "Although the ADB financing is only $50 million, GE views the ADB component to be important because it has a long-term interest in having a multinational bank support the project. Furthermore, if ADB rejected financing, EXIM and the commercial banks involved in the deal would ask questions." Obviously asking questions would not be good for any project with a built in $50 million kick-back for the local dictator. In 1999, the entire $2.6 billion dollar project is on the brink of failure. The corrupt deals with the former dictator of Indonesia are collapsing faster than the Indonesian economy. The good citizens of Indonesia have learned of the "First Family" take-over of their national resources and they do not approve. PLN electric officials, fearing for their lives, are pointing fingers at Suharto. Ex-PLN President Djteng Marsudi has repeatedly stated he was forced to sign unfairly priced contracts, including Paiton. In August 1998, the Indonesian melt-down caused Mission Energy to panic and again seek aid from the Clinton administration. The newly released documents include a briefing of current Secretary of Commerce William Daley for a meeting with Mission Energy CEO Edward Muller. "Mr. Muller will raise his concerns about developments in Asia in general and about the Paiton project in particular. He will probably attempt to enlist your support for the Paiton project. Given competing interest by other U.S. firms, we cannot commit to this particular project." Translation: Ron Brown is long dead and Bill Clinton is not anxious to cuddle up to the Suharto family for fear of raising questions about donations from Indonesian billionaire Moctar Riady. "Ex-Im (Export Import Bank) is the guarantor for $540 million in the pre-completion phase. OPIC is the senior lender (provides guarantees for banks to lend) and insurance provider for the post-completion phase ($200 million). (Mission did not take out political risk insurance from OPIC or Ex-Im.)" Translation: Mission Energy's mistake in not seeking the "political" insurance was a calculated risk that will cost stock-holders and customers. Corporate losses overseas will have to be made up with lower profits at home and higher rates for CalEdison customers. In fact, according to the Commerce Dept., there are U.S. companies with contracts inside Indonesia who have an interest in the failure of the Paiton power plant: "Both Ex-Im and OPIC confirmed that if the 1200 MW Paiton project were to go on line, it would most likely wipe out any further GOI (Government of Indonesia) need for other power plants. Thus, several other major U.S. power developers with other projects, in varying stages of completion, are potential competitors with Edison for power purchase agreements." Nor does the Commerce Dept. remove any cloud of scandal from the Clinton administration. "Warren Christopher is on Edison Mission's board of directors," states the Commmerce report. The 1998 cover sheet states quite clearly the Paiton project was of extreme importance to another former member of the Clinton administration. During the period of 1994 through 1996, Warren Christopher, Secretary of State, had a vested interest in seeing the Paiton project to completion. The connection between Paiton and Moctar Riady, a major figure in the DNC campaign finance scandals, are clearly documented through PT bank LIPPO. PT Lippo is a partner of FIRST UNION Bank, a major investor in the Paiton project. The leader of the U.S. project in the Paiton power plant, Mission Energy, is also a partner of Indonesia's Lippo group. The Lippo group is a consortium, part owned by billionaire Moctar Riady. PT Lippo also provides financing to "bother-in-law" Hashim for his coal mining company that supplies Paiton. Hashim is himself a key figure. While serving as the minister for mines under Suharto, Hashim also managed to purchase the world's only "low sulfur" coal mine. His financial backers include Moctar Riady's PT Lippo and, his sister-in-law, Prawabo. Hashim and Moctar Riady both found themselves with a global monopoly thanks to Bill Clinton's executive order for the 1.7 million-acre Grand Staircase-Escalante National Monument in Utah, over the only other known "low sulfur" deposit. The connections between Riady and Clinton have a much more sinister theme than coal monopolies and taxpayer backed power plants in the middle of Asia. Testimony before Senator Thompson's committee in 1998 revealed Moctar Riady's involvement in Chinese espionage. Testimony revealed the Lippo Group is in fact a joint venture of China Resources, a trading and holding company "wholly owned" by the Chinese communist government and used as a front for Chinese espionage operations. Thus, behind all the front companies, the communists leaders in Beijing have triumphed again. Paiton represents the price of electing the morally bankrupt Clinton/Gore administration. While American's pay higher rates for electricity at home, they are also quietly paying for power plants abroad that will never generate a watt. ================================================================ source documents http://www.softwar.net/paiton3.html ================================================================ 1 if by land, 2 if by sea. Paul Revere - encryption 1775 Charles R. Smith SOFTWAR http://www.softwar.net [EMAIL PROTECTED] Pcyphered SIGNATURE: 77D7745604CE5CCDBCCAA6936E45CAB0A3AC047F72A9A8F27ED841263BED6C2F B88D7083E1BED252F11483FE1D1A98F23F7A348B348BE9A2B959C8005733C57F 4D4EC567415AB4B1 ================================================================ SOFTWAR EMAIL NEWSLETTER 08/03/99 *** to unsubscribe reply with "unsubscribe" as subject *** ================================================================
