INTERNATIONAL

Enron Plans Latin American Investment: Houston-based Enron Corp. plans to spend $1 billion in Latin America over the next five years to aggressively expand its presence in the region, said James Steele, the head of its power development division. “I would say $1 billion would not be an exaggeration for the next five years,” Steele told the Reuters news agency. “Our policy is aggressive.” The executive was speaking at the inauguration of two electricity barges in Puerto Quetzal on Guatemala’s southern coast, Enron’s first power generating project in Latin America. Enron spent $92 million on the project, 75% of it to be covered by a loan from the International Finance Corp., the private-sector financing arm of the World Bank.