Americas Power Partners expands senior management

HINSDALE, IL, Aug 07, 2001 – Americas Power Partners Inc. announced today that it has added David Boyce to its senior management staff. David will serve as the Director of Finance of APP.

He previously served as the Director of Finance of SkyGen Energy; an independent power plant developer focusing on merchant cogeneration and peaking projects. SkyGen was purchased by Calpine Corp. in October of 2000 for approximately $450 million dollars. During his tenure at SkyGen, David was responsible for arranging approximately $1 billion in construction, permanent and equity bridge loan financing and in addition played a key roll in integrating the SkyGen’s financial transition into Calpine. Boyce began his career at Ernst & Young LLP, working on the financial consulting side of the accounting firm.

“I am very excited about the development opportunities at APP. I’ve had the unique experience of being a part of building two successful companies and I see many familiar elements at APP – experience, focus, teamwork, and entrepreneurship, coupled with an industry that has lots of potential. APP’s utility optimization and monetization products will be instrumental in re-powering the industrial base of the United States through cleaner, cost effective and energy efficient power projects,” explains Boyce.

“APP has been focusing on adding depth and experience to its management team and the addition of David is a real positive event for the company. He brings to the team a wealth of financial knowledge and execution experience.” stated Gordon Mendelson, APP President and COO.

APP is in the business of developing, owning and managing the operation of energy systems, including cogeneration plants, which produce electricity and thermal energy for sale under long-term contracts with industrial, commercial, and government users. The company plans to initially focus their cogeneration efforts on projects less than 100 megawatts.

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