Subject: Re: For Hunter/Eric re: FPC and Iberdola
From: "Eric Schwerin" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Sun, 20 Jun 2010 19:44:00 -0400

What's FPC?   This is a waste of time.  Howie reminds me of Amitava.

Eric D. Schwerin
[email-masked]

Sent from my iPhone

On Jun 20, 2010, at 7:13 PM, Hunter Biden <[email-masked]>  
wrote:

>
>
> Sent from my iPad
>
> Begin forwarded message:
>
>> From: [email-masked]
>> Date: June 20, 2010 11:34:20 AM EDT
>> To: [email-masked]
>> Subject: Fwd: For Hunter/Eric re: FPC and Iberdola
>>
>
>> Dude, Happy fathers day,
>> I did not want to bother you with this since you had the wedding,  
>> but from Howie re: Power in Saudi.
>>
>> for your reading pleasure,, if you have interest Mohammed will be  
>> in DC this week so you two can meet.
>>
>> MD
>>
>>
>>
>>
>> -----Original Message-----
>> From: Howard Carroll <[email-masked]>
>> To: [email-masked]
>> Sent: Fri, Jun 18, 2010 4:50 pm
>> Subject: For Hunter/Eric re: FPC and Iberdola
>>
>> Mark, as per our conversation <<...>>
>>   ABOVE IS A LIST OF SOME OF THE ENERGY PROJECTS THAT WILL BE DONE  
>> IN THE KSA BETWEEN THIS YEAR AND 2018
>> (much of the following is not in the public domain)
>> While the list doesn’t show amounts, they are looking for O and M  
>> companies in the energy business to JV with, and they will Own Ope 
>> rate and Maintain a total of 45,000 MWs in independent power produ 
>> cing facilities from 500 MW to 3,000 MW size.
>> Totally unknown is that there will be another 35000 MW’s built und 
>> er the auspices of the 5 major brothers (Princes)
>> They usually estimate a cost of $1.2 Bil /1000 mw.
>> AGAIN THIS IS ALL CONFIDENTIAL INFORMATION
>> Renewable Energy is to be considered.  That’s why Iberdola may be  
>> a good choice as well as FPC, and there is more than enough work f 
>> or both + + +
>> The Listed projects will have a form of bidding but the deciders  
>> will be the same ones who will do the  35,000 projects that will  
>> totally negotiated agreements.
>> The results of how and who is picked will be pretty much the same  
>> in both cases.
>> Again, not known yet,  the Total anticipated spending is in excess  
>> of $100 Bil.
>> Once we are working toward agreements with companies that Hunter  
>> can obtain, we will set up a SPE for our participation which will  
>> include all of the participants on our side.  We don’t know if Hun 
>> ter is doing this with andthrough Rosemont Seneca or which of thos 
>> e names were his before, but we could even use a version of that l 
>> ike Rosemont Seneca International if it is desirable.  Anything is 
>>  possible on this side as to names etc.
>> Compensation that Mohammed has gotten with one he has already done  
>> included a nice monthly retainer for all to share, all expenses and  
>> an expected time frame for that of no more than 3 years.  This time  
>> frame is necessary to get all the relationships in place etc.  If  
>> all is accomplished before that then it is likely the retainer  
>> could stop although the entity may want to keep that in place to be  
>> of further assistance during the construction and start up. There  
>> will then be a success fee and certain rights.
>> The energy produced will be purchased by Saudi Electric Company.
>> A JV partner will be either that company or the “family” in  
>> return for providing to the operating entity 100% of the source of 
>>  power for the entity at no cost to the entity. (likely for 40% ow 
>> nership)
>> Most likely the success fee to share will be 1% of the project  
>> cost, and the group would have first refusal rights to place any  
>> borrowings at normal fee rates as well as to place any sale of  
>> equity, again at normal rates.
>> If Hunter can determine that FPC and/or Iberdola, after they sign a  
>> simple NDA, <<...>> would be interested in becoming involved in  
>> these projects, and if those companies confirm in an email to me  
>> that they do not have anyone in Saudi that is paid for getting them  
>> business and would may be compensated even if we bring the  
>> business, then we should meet with Hunter in DC either Tuesday the  
>> 22nd or Wednesday the 23rd.
>> That’s for starters.
>> The other H
>> Sen. Howard W. Carroll
>> 7250 N. Cicero Ave., Ste 201
>> Lincolnwood, IL 60712
>> [email-masked]
>> 847-568-7000  (p)
>> 847-568-7008  (f)
>> 312-401-4004 (m)
>>
>
> <Company_Projects_2010_-_2018_(Without_Cost).pdf>
> <MUTUAL_NON_carrollgroup_fill_in.doc