AMENDMENT1/POTENCY RESERVE & POWER SUPPLY CONTRACT



 





Exhibit 10.10





	 	 	Addendum No. 01 to the Contract of Potency Reserve
and Supply of Electric Power, executed by and
between Companhia Hidro Elétrica do São Francisco - CHESF and Trikem S/A, on 06/02/1998.





COMPANHIA HIDRO ELÉTRICA DO SÃO FRANCISCO, operator of electric power public
services, established in the City of Recife, State of Pernambuco, at Rua
Delmiro Gouveia number 333, District of Bongi, enrolled in the Taxpayers’
General Registry of the Ministry of Finance under number 33 541 368/0001-16 and
in the Fiscal Registry of the State of Pernambuco under number 18 1 001
0005584-6, hereinafter referred to as CHESF, and TRIKEM S/A, with its
industrial facilities in the Municipality of Maceió, State of Alagoas, enrolled
in the Taxpayers’ General Registry of the Ministry of Finance under number 13
558 226/0013-98 and in the Fiscal Registry of the State of Alagoas under number
240 07111-5, hereinafter referred to as CONSUMER, the parties being represented
by their Directors who signed “in-fine”, have mutually adjusted this ADDENDUM
TO THE CONTRACT OF POTENCY RESERVE AND SUPPLY OF ELECTRIC POWER, according to
the following clauses:



	 	 	 
	1st CLAUSE

	 	The subject matter of this Addendum is establishing, for all
contractual purposes, the quantities of reserved potency, according to the
values and periods included in the attached table, which is an integral
part of this Addendum.







TABLE OF POTENCY RESERVE - ENCLOSURE I




Enclosure to the Contract of Potency Reserve and Supply of Electric Power,
executed by and between CHESF and TRIKEM S/A on June 02, 1998.




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	MONTHLY POTENCY
	 	 	 	 	 	 		 	RESERVE
	PERIOD OF SUPPLY		PERIOD		(VALUES IN KW)
	
	 	IN	 	

	Item
	 	Month/Year
	 	THE YEAR
	 	Peak
	 	Out of Peak

	01
	 	Jan to Apr/97	 	Wet	 	 	170,000	 	 	 	170,000	 
	02
	 	May to Nov/97	 	Dry	 	 	170,000	 	 	 	170,000	 
	03
	 	Dec/97	 	Wet	 	 	170,000	 	 	 	170,000	 
	04
	 	Jan to Apr/98	 	Wet	 	 	165,000	 	 	 	165,000	 
	05
	 	May to Nov/98	 	Dry	 	 	165,000	 	 	 	165,000	 
	06
	 	Dec/98	 	Wet	 	 	165,000	 	 	 	165,000	 
	07
	 	Jan to Apr/99	 	Wet	 	 	165,000	 	 	 	165,000	 
	08
	 	May to Nov/99	 	Dry	 	 	165,000	 	 	 	165,000	 
	09
	 	Dec/99	 	Wet	 	 	165,000	 	 	 	165,000	 
	10
	 	Jan to Apr/00	 	Wet	 	 	165,000	 	 	 	165,000	 
	11
	 	May to Nov/00	 	Dry	 	 	165,000	 	 	 	165,000	 
	12
	 	Dec/00	 	Wet	 	 	165,000	 	 	 	165,000	 
	13
	 	Jan to Apr/01	 	Wet	 	 	165,000	 	 	 	165,000	 
	14
	 	May to Nov/01	 	Dry	 	 	165,000	 	 	 	165,000	 
	15
	 	Dec/01	 	Wet	 	 	165,000	 	 	 	165,000	 







 









 






COMPANHIA HIDRO ELÉTRICA DO SÃO FRANCISCO - CHESF




	 	 	 
	
 

	 	
 
	(Signed by)

Mozart de Siqueira Campos Araujo,

Director President

	 	(Signed by)

Paulo de Tarso da Costa,

Operations Director







TRIKEM S/A.




	 	 	 
	
 

	 	
 
	(Signed by)

Luiz Eduardo Emainé,

Manufacturing Vice-President

	 	(Signed by)

Carlos Francisco Almeida,

Controller







	 	 	 
	WITNESSES:
	 	 
	
 

	 	
 
	(Signed by) Hélcio Dene Colodete,

Regional Superintendent

	 	(Signed by) Ana Regina Tavares Cavalcanti,

SOC Assistant







 









 






TABLE OF POTENCY RESERVE - ENCLOSURE I




Enclosure to the Contract of Potency Reserve and Supply of Electric Power,
executed by and between CHESF and TRIKEM S/A on __/__/19____.




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 		 	 
	 	 	 	 	 	 		 	MONTHLY
	IOD OF SUPPLY		PERIOD		(VALUES IN KW)
	
	 	IN	 	

	Item	 	Month/Year	 	THE YEAR	 	Peak	 	Out of Peak
	
	 	
	 	
	 	
	 	

	01
	 	Jan to Apr/98	 	Wet	 	 	165,000	 	 	 	165,000	 
	02
	 	May to Nov/98	 	Dry	 	 	165,000	 	 	 	165,000	 
	03
	 	Dec/98	 	Wet	 	 	165,000	 	 	 	165,000	 
	04
	 	Jan to Apr/99	 	Wet	 	 	165,000	 	 	 	165,000	 
	05
	 	May to Nov/99	 	Dry	 	 	165,000	 	 	 	165,000	 
	06
	 	Dec/99	 	Wet	 	 	165,000	 	 	 	165,000	 
	07
	 	Jan to Apr/00	 	Wet	 	 	165,000	 	 	 	165,000	 
	08
	 	May to Nov/00	 	Dry	 	 	165,000	 	 	 	165,000	 
	09
	 	Dec/00	 	Wet	 	 	165,000	 	 	 	165,000	 
	10
	 	Jan to Apr/01	 	Wet	 	 	165,000	 	 	 	165,000	 
	11
	 	May to Nov/01	 	Dry	 	 	165,000	 	 	 	165,000	 
	12
	 	Dec/01	 	Wet	 	 	165,000	 	 	 	165,000	 
	13
	 	Jan to Apr/02	 	Wet	 	 	165,000	 	 	 	165,000	 
	14
	 	May to Nov/02	 	Dry	 	 	165,000	 	 	 	165,000	 
	15
	 	Dec/02	 	Wet	 	 	165,000	 	 	 	165,000	 







COMPANHIA HIDRO ELÉTRICA DO SÃO FRANCISCO - CHESF




	 	 	 
	
 

	 	
 
	(Signed by)

Mozart de Siqueira Campos Araujo,

Director President

	 	(Signed by)

Paulo de Tarso da Costa,

Operations Director







TRIKEM S/A.




	 	 	 
	


	 	

	(Signed by) 
	 	 
	HELCIO DENI COLODETE 
	 	 
	CPF: 574642787-04 
	 	 
	RG: 357074 - SSP/ES
	 	 







 









 






	 	 	 
	WITNESSES:
	 	 
	
 

	 	
 
	(Signed by) Ana Regina Tavares Cavalcanti,

SOC Assistant

	 	(Signed by)Teofilo de Holanda Cavalcanti,

DOCM Chief Engineer







 









 






The other clauses in the contract hereby appended, remain unchanged with
respect to all provisions that do not expressly or implicitly are conflicting
herewith.



Being thus agreed, the parties sign this instrument on 3 (three) copies of
equal content and configuration, in the presence of the witnesses indicated.



Recife, March 8, 1999




COMPANHIA HIDRO ELÉTRICA DO SÃO FRANCISCO - CHESF




	 	 	 
	
 

	 	
 
	(Signed by)

Mozart de Siqueira Campos Araujo,

Director President

	 	(Signed by)

Paulo de Tarso da Costa,

Operations Director







TRIKEM S/A.




	 	 	 
	
 

	 	
 
	(Signed by)

HELCIO DENI COLODETE

CPF: 574642787-04

RG: 357074 - SSP/ES

	 	(Signed by)

NEY ANTONIO DE SOUZA SILVA,

CPF: 030943088-72

RG: 3414636 - SSP/ES







	 	 	 
	WITNESSES:
	 	 
	
 

	 	
 
	(Signed by) Ana Regina Tavares Cavalcanti,

SOC Assistant

	 	(Signed by) Teofilo de Holanda Cavalcanti,

DOCM Chief Engineer