Exhibit 10 (i) 88

THIS EXHIBIT CONTAINS CONFIDENTIAL INFORMATION WHICH HAS BEEN REDACTED AND FILED
SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.


                         AMENDMENT III TO THE AGREEMENT
                        FOR THE SALE AND PURCHASE OF COAL

            THIS AMENDMENT  ("AMENDMENT"),  dated as of November 1, 1999 TO THAT
AGREEMENT  ("AGREEMENT") FOR THE SALE AND PURCHASE OF COAL made and entered into
as of the 1st day of December 1996 and as AMENDED ("AMENDMENT I") ON November 1,
1997 and  ("AMENDMENT  II") ON November 1, 1998 and between CENTRAL HUDSON GAS &
ELECTRIC CORPORATION,  (herein-after  referred to as "BUYER") and INTER-AMERICAN
COAL N.V.,  (hereinafter  referred to as "PRODUCER")  and  INTER-AMERICAN  COAL,
INC.,  (hereinafter referred to as "SALES AGENT").  PRODUCER and SALES AGENT are
hereinafter collectively referred to as "SELLER".

                                      WITNESSETH:

            WHEREAS,  Article VI of Amendment II of the AGREEMENT  provides that
beginning July 1, 1999, BUYER and SELLER shall commence good faith  negotiations
with respect to the price of coal for the next Contract Year; and

            WHEREAS, notice was duly given and BUYER and SELLER
entered into good faith negotiations; and

            WHEREAS, after completion of good faith negotiations,

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BUYER and SELLER  desire to amend the  AGREEMENT  to provide  for the pricing of
coal and certain other AGREEMENT provisions;

            NOW,  THEREFORE,  in  consideration  of the  premises and the mutual
covenants set forth herein, the parties hereto agree as follows:

            ARTICLE II (TERM OF AGREEMENT),  ARTICLE IV (SPECIFICATION & QUALITY
& WEIGHT),  ARTICLE VI (BASE  PRICE) and  ARTICLE VII  (ADJUSTMENT  IN PRICE FOR
QUALITY) of AMENDMENT II of the AGREEMENT shall be respectively amended in their
entirety  and  ARTICLE III  (DELIVERIES)  of the  AGREEMENT  shall be amended as
indicated, all to read as follows:

                                   ARTICLE II
                                TERM OF AGREEMENT
                                -----------------

            The  Term of this  AGREEMENT  shall  be for  the  period  commencing
January 1, 1997 and continuing until midnight,  December 31, 2001, unless sooner
terminated as provided for herein. This AGREEMENT shall terminate automatically,
without further obligation or liability to either party, except for payments for
coal delivered, at the end of the Term.

                                      2
<PAGE>
CONFIDENTIAL INFORMATION REPRESENTED IN THIS FILING BY AN "X" HAS BEEN REDACTED
AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.


          In  recognition of the pending  Auction of the  Danskammer  Generating
Station,  and to provide the new  ownership  with  maximum  flexibility,  Seller
agrees to forgo  deliveries  under this AGREEMENT in Contract Year 2001 upon six
months advance notice from the New Owners.

                                   ARTICLE III
                                   DELIVERIES
                                   -----------

            Section 1. Quantities/Delivery  Schedule: Except for as provided for
below, the quantity of coal sold and purchased hereunder shall be a Firm tonnage
of XXX,XXX  Metric Tons (+ or - 10%) per year. In addition,  there will be up to
XX,XXX Metric Tons (+ or - 10%) per year called  Incremental  Tonnage which will
be sold and purchased  hereunder  provided  that the delivered  cost per million
Btu's of oil, natural gas or spot coal usable at Buyer's Danskammer Plant or the
equivalent  price of replacement  electric  energy  exceeds the applicable  Base
Price of coal in delivered cost per million Btu's at appropriately  applied heat
rates.
       The Sales Agent/Seller will assume that one Vessel per month of a nominal
XX,XXX Metric Tons (+ or - 10%) will be shipped under this Agreement.  The third
Vessel in the first and

                                       3

<PAGE>



fourth quarter will deliver  Incremental Tonnage provided (1) Buyer requires the
tonnage and (2) Buyer and Seller  have  agreed on the price for said  tonnage as
per the notification procedure described herein.
            On or before  the the  first day of the  Notice  Month,  Buyer  will
provide to Seller the fifteen (15) day  delivery  window for each Vessel for the
following  quarter  as well as a notice of the  Incremental  Price for the third
Vessel to be shipped if the schedule is for the first or the fourth quarter. The
Seller is obligated to deliver Incremental Tonnage quoted at the Base Price . On
the first working day of each month of the quarter or fifteen (15) days prior to
each  Vessel's ETA,  whichever is sooner,  the lay days will be reduced to a ten
(10) day window and fifteen  (15) days prior to ETA the lay days will be reduced
to a seven (7) day window. Vessel's ETA will be narrowed by the Vessel owner.
            Seller will provide  notice to the Buyer on or before the  fifteenth
day of the Notice Month as to whether Incremental Tonnage will be shipped at the
quoted price.  If the Seller accepts the quoted price,  the coal will be shipped
as  scheduled,  with the  Incremental  tonnage at the quoted  price and the Firm
tonnage  at the Base  Price.  The  Seller  reserves  the  right to re- offer any
unshipped Incremental Tonnage to the Buyer at another

                                       4

<PAGE>
CONFIDENTIAL INFORMATION REPRESENTED IN THIS FILING BY AN "X" HAS BEEN REDACTED
AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

time in the ensuing twelve (12) months (commencing with the quarter during which
the unshipped Incremental Tonnage would otherwise have been shipped) at the Base
Price.  In each such  instance,  Buyer will then have the option to accept  that
Incremental Tonnage or permanently cancel that Incremental Tonnage.

            Section 3.  Delivery  Schedule  Limitations:  All Firm  Tonnage in a
quarter will be delivered before any Incremental Tonnage is delivered. Both Firm
and  Incremental  Tonnage can be delivered  during the same quarter,  but Seller
will not be obligated to deliver more than three (3) XX,XXX Metric Ton shipments
of coal during any one quarter,  unless otherwise mutually agreed. There will be
a minimum of fifteen (15) calendar days between shipment  releases from the Load
Port unless otherwise mutually agreed.

            Section 9.1 Vessel  Failure to  Discharge  at Minimum  Rate:  Should
Seller's Vessel fail to offload cargo at a minimum rate of X,XXX Metric Tons per
hour,  Buyer  shall  receive  a  reduction  of U.S.  $ .XX per NT for each NT so
delivered  by said  Vessel.  This  reduction  is over and above  any  allowances
previously provided herein.

                                       5

<PAGE>
CONFIDENTIAL INFORMATION REPRESENTED IN THIS FILING BY AN "X" HAS BEEN REDACTED
AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.


                                   ARTICLE IV
                                   ----------
                       SPECIFICATION & QUALITY & WEIGHT
                       --------------------------------

            Section 1.        Origin:  The coal shall be from the
                              ------
Producer's operations as per the component blends indicated and
meet the specifications as per Attachment I:

                                 Blend A     Blend B
            Santander               XX%         XXX%
            Tachira                 XX%           X%
            Mina Norte               X%           X%

            BUYER and SELLER agree that SELLER's Norte de Santander  (Santander)
coal shall be the primary  component (XX % minimum) for each shipment under this
agreement.  Tachira coal shall be the secondary component (XX% maximum). Blend A
above will be shipped unless another blend (B or other) is mutually agreed.  The
prices for coal  shipped as provided  in Article VI will  prevail  provided  the
secondary  coal is  limited to a maximum  of 30% of the two coal  blend.  Higher
percentages  of  Santander in blend A will command the same price per short ton.
Coal loadings with greater than XX% of the secondary coal or those using a three
coal  blend  that  results  in a lower  price  per net ton will be priced at the
weighted  component  price per MMBtu (See  Attachment III) provided the cargo is
accepted by Central Hudson.


                                       6

<PAGE>
CONFIDENTIAL INFORMATION REPRESENTED IN THIS FILING BY AN "X" HAS BEEN REDACTED
AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.


      The two incremental cargoes will be priced in accordance with the contract
provisions  for  incremental  tonnage  which will be subject  to  adjustment  as
provided above if the secondary coal is greater than XX%. The difference between
the Base Price of coal and the weighted  component  price shall be deducted from
the agreed  incremental  price.  Mutually  agreed  shipments  of coal blends not
provided herein shall be priced at the weighted  component price per MMBtu or as
mutually agreed between Buyer and Seller.


                                   ARTICLE VI
                                   BASE PRICE
                                   ----------

            Section 1. The Base Price for coal  shipped  under the terms of this
Agreement  will be $XX.XX  DES per NT for Blend A and  $XX.XX per NT for Blend B
for the Contract  Year 2000.  Buyer has  requested and Seller has agreed to ship
Blend A in contract year 2000 however Seller reserves the option to ship Blend B
in the event that coal stocks or vessel availability make Blend A untenable.


                                       7

<PAGE>
CONFIDENTIAL INFORMATION REPRESENTED IN THIS FILING BY AN "X" HAS BEEN REDACTED
AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.


            Section 2. On or before  July 1, 2000,  Buyer and Seller  will enter
into  negotiations  to fix the Base Price for coal  delivered  hereunder for the
ensuing  year.   This   Agreement  will  terminate  on  December  31,  2000,  if
negotiations for the following year have not been completed by October 1.

                                  ARTICLE VII
                                  -----------
                        ADJUSTMENT IN PRICE FOR QUALITY
                        -------------------------------

            Section 3. Adjustment for Ash Value:  The Price to be paid to Seller
by Buyer is based upon coal with an ash  content  (Ash  Value) of XXXXX  percent
(X%) by weight of the "as  received"  analysis of the coal.  If the Ash Value is
between X.X% and X.X%,  there will be no  adjustment  for Ash Value.  If the Ash
Value is less than  X.X%,  then a premium  of $.XXX per net ton shall be paid to
Seller for each .X% Ash Value  variation below X.X%. If the Ash Value is greater
than X.X%, then a penalty of $X.XXX per net ton shall be deducted from the Price
for each .X% Ash Value variation in excess of X.X%.






                                       8

<PAGE>





            IN WITNESS  WHEREOF,  each party hereto has caused this AGREEMENT to
be executed in its behalf by its proper officer thereunder duly authorized,  all
as of the day and year first above written.


BUYER:            CENTRAL HUDSON GAS & ELECTRIC CORPORATION


BY:                      /s/ Arthur R. Upright
                  ------------------------------------------------
                                Arthur R. Upright

                             Senior Vice President

            Regulatory Affairs, Financial Planning And Accounting


PRODUCER:                     INTER-AMERICAN COAL N.V.


BY:
                         /s/ Marcel L. J. van den Berg
                  ------------------------------------------------
                              Marcel L. J. van den Berg

ITS:                 President and Chief Executive Officer


SALES AGENT:                  INTER-AMERICAN COAL, INC.


BY:                         /s/ Marcel L. J. van den Berg
                  ------------------------------------------------
                              Marcel L. J. van den Berg

ITS:                                President


                                       9

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CONFIDENTIAL INFORMATION REPRESENTED IN THIS FILING BY AN "X" HAS BEEN REDACTED
AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

                                                                  Attachment III






Base Price/Blend:



    Component                    $/MMBtu              Min %              Max %

Mina Norte                        $X.XXX               X                  XX

Norte de Santander                $X.XXX               XX                 XXX

Tachira                           $X.XXX                X                 XX





Weighted Prices per short ton determined using the above $/MMBtu
and the guaranteed contract Btu/Lb .