International Power acquires additional 5% of Pego Power Plant, Portugal
(London - 13 December 2005) International Power plc (IPR) announces that it has increased its holding in the 600MW Pego Power plant and associated companies to 50%, for a consideration of £5 million. This additional interest has been acquired from EdF following the sale of its interest in the project.
IPR is pleased to increase its interest in Pego as a further step in consolidating its position in this key market.
For further information please contact:
Media Contact:
Sara Richardson
+44 (0)20 7320 8619
Investor Contact:
Aarti Singhal
+44 (0)7989 492 447
About International Power
International Power plc is a leading independent electricity generating company with 16,278 MW (net) in operation and 1,729 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 ADRs), on 2 October 2000. The ticker symbol on both stock exchanges is "IPR".