CALIFORNIA ENERGY <CECI> GETS PRIVATE FUNDING
California Energy Co Inc
said Drexel Burnham Lambert Inc is highly confident it can
provide the company with 160 mln dlrs of private financing,
subject to certain conditions.
    California Energy said that as part of the financing, it
received a letter of commitment for 133 mln dlrs of project
funding from Credit Suisse.
    The company said proceeds of the financing will be used by
its China Lake joint venture for the purchase of equipment and
construction of an 80-megawatt power plant at a
company-developed geothermal site at China Lake, Calif.
 Reuter
