<PAGE>
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) |__|
________________________
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
<TABLE>
<S> <C>
New York 13-5160382
(State of incorporation if not a U.S. national bank) (I.R.S. employer
identification no.)
One Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
</TABLE>
___________________________
Central Termica Guemes S.A.
(Exact name of obligor as specified in its charter)
<TABLE>
<S> <C>
Buenos Aires, Argentina None
(State or other jurisdiction of incorporation or organization) (I.R.S. employer
identification no.)
Avenida Reyes Catolicos 1330 4408
Salta, Argentina (Zip code)
(Address of principal executive offices)
</TABLE>
___________________________
US$54,000,000 Variable Rate Notes due 2010
(Title of the indenture securities)
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<PAGE>
1. General information. Furnish the following information as to the Trustee:
(a) Name and address of each examining or supervising authority to which
it is subject.
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------
Name Address
-----------------------------------------------------------------------------------------------
<S> <C>
Superintendent of Banks of the State of New York 2 Rector Street, New York, N.Y. 10006,
and Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York, N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
</TABLE>
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
16. List of Exhibits.
List below all exhibits filed as a part of this statement of eligibility.
Exhibits identified in parentheses below, on file with the Commission, are
incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-
29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R.
229.10(d).
1. A copy of the Organization Certificate of The Bank of New York
(formerly Irving Trust Company) as now in effect, which contains the
authority to commence business and a grant of powers to exercise
corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1
filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to
Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1
to Form T-1 filed with Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration Statement No. 33-
44051.)
-2-
<PAGE>
7. A copy of the latest report of condition of the Trustee published
pursuant to law or to the requirements of its supervising or examining
authority.
-3-
<PAGE>
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York,
a corporation organized and existing under the laws of the State of New York,
has duly caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 21/st/ day of August, 2000.
THE BANK OF NEW YORK
By: /s/ Thomas E. Tabor
----------------------
Name: Thomas E. Tabor
Title: Assistant Vice President
-4-
<PAGE>
Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries, a member of the Federal Reserve
System, at the close of business March 31, 2000, published in accordance with a
call made by the Federal Reserve Bank of this District pursuant to the
provisions of the Federal Reserve Act.
<TABLE>
<CAPTION>
Dollars Amounts
ASSETS In Thousands
<S> <C>
Cash and balance due from depository institutions:
Noninterest-bearing balances and currency and coin...................................................... $3,843,465
Interest-bearing balances............................................................................... 5,718,219
Securities:
Held-maturity securities................................................................................ 821,842
Available-for-sale securities........................................................................... 5,134,756
Federal funds sold and Securities purchase under agreements to resell........................................ 2,498,315
Loans and lease financing receivables:
Loans and leases, net of unearned income................................................................ 40,912,488
LESS: Allowance for loan and lease losses............................................................... 580,924
LESS: Allocated transfer risk reserve................................................................... 12,597
Loans and leases, net of unearned income, allowance, and reserve........................................ 40,318,967
Trading Assets............................................................................................... 8,658,971
Premises and fixed assets (including capitalized leases)..................................................... 725,709
Other real estate owned...................................................................................... 7,309
Investments in unconsolidated subsidiaries and associated companies.......................................... 225,206
Customer's liability to this bank on acceptances outstanding................................................. 932,029
Intangible assets........................................................................................... 1,273,011
Other assets................................................................................................. 2,796,228
-----------
Total assets................................................................................................. $72,954,027
===========
LIABILITIES
Deposits:
In domestic offices..................................................................................... $27,563,469
Noninterest-bearing..................................................................................... 12,099,757
Interest-bearing........................................................................................ 12,463,712
In foreign offices, Edge and Agreement subsidiaries, and IBF's.......................................... 27,705,718
Noninterest-bearing..................................................................................... 849,483
Interest-bearing........................................................................................ 26,856,235
Federal funds purchases and Securities sold under agreement to re-purchase................................... 1,560,406
Demand notes issued to the U.S. Treasury..................................................................... 68,017
Trading liabilities.......................................................................................... 2,708,747
Other borrowed money:
With remaining maturity of one year or less............................................................. 1,397,051
With remaining maturity of more than one year through three years....................................... 351
With remaining maturity of more than three years........................................................ 31,080
Bank's liability on acceptances executed and outstanding..................................................... 932,905
Subordinated notes and debuntures............................................................................ 1,652,000
Other liabilities............................................................................................ 3,511,774
-----------
Total liabilities............................................................................................ 67,131,518
-----------
EQUITY CAPITAL
Common stock................................................................................................. 1,135,284
Surplus...................................................................................................... 866,947
Undivided profits and capital reserves....................................................................... 3,694,578
Net unrealized holding gains (losses) on available-for-sale securities....................................... (46,911)
Cumulative foreign currency translation adjustments.......................................................... (27,389)
------------
Total equity capital......................................................................................... 5,822,509
------------
Total liabilities and equity capital......................................................................... $72,954,027
===========
</TABLE>
1. Thomas J. Mastro, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by he Board of Governors of
the Federal Reserve System and is true to the best of my knowledge and belief.
We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and is true and
correct.
Thomas A. Rerryl }
Gerald L. Hassell } Directors
Alan R. Griffith }
