Exhibit 24

                                POWER OF ATTORNEY


          The undersigned,  a member of the Board of Directors and/or as Officer
of CE CASECNAN WATER AND ENERGY COMPANY,  INC., a corporation  registered in the
Republic of the Philippines  (the  "Company"),  hereby  constitutes and appoints
Douglas L.  Anderson and Steven A. McArthur and each of them as his/her true and
lawful   attorney-in-fact  and  agent,  with  full  power  of  substitution  and
resubstitution,  for and in his/her stead, in any and all capacities, to sign on
his/her  behalf the Company's Form 10-K Annual Report for the fiscal year ending
December  31, 1999 and to execute any  amendments  thereto and to file the same,
with all exhibits thereto, and all other documents in connection therewith, with
the United  States  Securities  and Exchange  Commission  and  applicable  stock
exchanges,  with the full power and  authority  to do and perform each and every
act and thing  necessary or advisable to all intents and purposes as he might or
could  do  in  person,   hereby   ratifying   and   confirming   all  that  said
attorney-in-fact and agent or his/her substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.

Dated as of March 21, 2000.

/s/ David L. Sokol                               /s/ Gregory E. Abel
DAVID L. SOKOL                                   GREGORY E. ABEL


/s/ Patrick J. Goodman                           /s/ David A. Baldwin
PATRICK J. GOODMAN                               DAVID A. BALDWIN


/s/ Marivic Espiritu                             /s/ Jose Jaime Cruz
MARIVIC ESPIRITU                                 JOSE JAIME CRUZ


/s/ Robert S. Silberman                          /s/ Rachael Hernandez
ROBERT S. SILBERMAN                              RACHAEL HERNANDEZ