| Mr. Oliver joined Sithe Global in 2005 as Vice President,
Development.
Prior to Sithe Global, Mr. Oliver was with Sithe Energies’ Development
Group for fourteen years in roles of increasing responsibility included
as Vice President, Development.
Mr. Oliver was critically involved in the project financing, budgeting
and credit-rating processes for Sithe’s 1,000 MW Independence
Station project in Scriba, New York. He also played a crucial negotiating
role in the 2001-2002 restructuring of Independence from a base-load
Qualifying Facility (under FERC) with long-term fuel and electricity
off take contracts to a cycling Exempt Wholesale Generator under
a long-term tolling structure.
In addition, Mr. Oliver played a key role in Sithe’s development,
contract negotiations and financial closing of the 471 MW Rades
II Power Project in Tunisia. Mr. Oliver has also had in-depth involvement
on projects in Latin America, Australia, Asia and Africa.
Recently, Mr. Oliver led Sithe Global’s development and financing efforts for the $800 million,
250 MW Bujagali Hydroelectric Project in Uganda, which reached financial closing in December 2007.
Mr. Oliver holds a Bachelor in Management Science with a concentration
in Finance from the Sloan School of Management at MIT.
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