of 868 Report of independent auditors To the sharehi.::i-, tie OeleCHICe Santa Crui SAC We have nicked :tie accompanying financial statements of Hdroelectrica Santa Cruz S A.0 (a Peruvian company, subsidiary of Latin Amenca Power Pei: SAC and redirect subsiary a Lan AMENIC3 Power Holing B V domiciled in tie Netherlands). w