Valley Power, Australia
(London – 7 July 2005) As agreed with the Australian Competition and Consumer Commission (ACCC) at the time of the Edison Mission Energy acquisition, International Power and Mitsui & Co, Ltd (IPM) announce their intention to divest IPM’s 60% interest in Valley Power. Valley power is a 300 MW peaking plant in Victoria, Australia.
For further information please contact:
+44 (0)20 7320 8619
Notes to Editors:
International Power’s net ownership in Valley Power equates to 126 MW.
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International Power plc is a leading independent electricity generating company with 15,523 MW (net) in operation and 1,708 MW (net) under construction. International Power has power plants in operation or under construction in Australia, the United States of America, the United Kingdom, the Czech Republic, Italy, Portugal, Spain, Turkey, Oman, Qatar, Saudi Arabia, the UAE, Indonesia, Malaysia, Pakistan, Puerto Rico and Thailand. International Power was listed on the London Stock Exchange and the New York Stock Exchange (as ADR’s), on 2 October 2000. The ticker symbol on both stock exchanges is "IPR".
Company website: www.ipplc.com.