Damaging information about corruption continues to reach infodioLeaks. Check the document below. Search on Google for “Rolls Royce Trent 60” and you’ll see many different results, but my favorite is this one: it’s from Mark Alflatt, financial communications director at Rolls Royce, who in May 2009 issued a press release titled “ROLLS-ROYCE WINS A €70 MILLION CONTRACT TO POWER A GERMAN POWER PLANT.” It states:
Rolls-Royce has secured a €70 million contract from RWE, the largest electricity provider in Germany, for four Trent 60 generator sets to replace… [Bold added]
Dividing €70 million by four gives you €17.5 million for each Trent 60. That was a little less than $25 million in May 2009 for a generator set that presumably included all relevant parts associated with its function.
Now compare that with the invoice below, dated August 13, 2010, from Derwick Associates to Bariven:
– $20 million for the “GT Package (housing, control and accessories) for Rolls Royce Trent 60.”
– $1.5 million for “Air filter for Rolls Royce Trent 60.”
– $6 million for “AC Generator for Rolls Royce Trent 60.”
That adds up to $27.5 million for each generator set, right? Derwick Associates seems to have itemized the Trent 60 to inflate the final price. However, the turbines weren’t new; they were used from France. I’m not an energy expert, but is $27.5 million a fair price for a used Trent 60? Could the energy experts reading this site send their feedback to [email protected]?
The invoice came with instructions from the financial supervisor of PDVSA Services BV (Patricia Kamphaus) to BNP Paribas, asking its staff to “send an authenticated SWIFT message to Ms. Charlene Wong” at JP Morgan to “reduce the JP Morgan Stand-By Letter of Credit CTCS-845998.” This is yet another example of JP Morgan’s involvement in defrauding the Venezuelan State, and there are now few doubts that this letter of intent between Bariven and Derwick Associates translated into multimillion-dollar agreements.
I emailed Pedro Trebbau for comments. He did not respond. I also called Patricia Kamphaus’s office but couldn’t speak with her.