International Power Appoints Ian Nutt to be Head of American National Power
(London 8 April 2002) International Power today announces that it has appointed Ian Nutt to head its wholly owned subsidiary American National Power (ANP). Ian will take up his new role with effect from today 8 April 2002.
In his last role Ian was the Head of Global Operations for International Power. In addition, he has been playing a critical role in asset management serving on the Boards of Hub Power Company, Malakoff, Uni-Mar and Kot Addu Power Company. Ian has 27 years of experience in development, operation and maintenance of power plants.
Peter Giller, CEO of International Power said, "As our 4,000 MW construction programme in the US reaches the final stages of completion we are pleased to have someone with Ian's depth of technical experience to lead ANP. His skills in the field of plant operation and maintenance will be of vital importance in taking the business forward and making it a success."
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Notes to editors
Based in Marlborough, Massachusetts American National Power has over 3,000MW of installed capacity in operation and around 1,400MW in the final stages of construction.
International Power plc is a leading independent electric generating company with around 9,150 MW (net) in operation, 2,015 MW (net) under construction and approximately 6,000 MW (net) in advanced development. Among the countries where International Power has operating facilities are Australia, the United States, the United Kingdom, the Czech Republic, Portugal, Turkey, Malaysia, Pakistan, and Thailand. International Power was created from the demerger of National Power, and its shares began trading independently on the London Stock Exchange and as ADRs on the New York Stock Exchange on 2 October 2000. The ticker symbol on both stock exchanges is "IPR".
Hub Power Company (HUBCO): HUBCO owns and operates the 1,300MW Hub River power station in Pakistan. It is listed on the Karachi and Luxemburg stock exchanges. International Power has a 26% equity interest in HUBCO.
Uni-Mar: International Power has a 33% equity interest in Uni-Mar, which is an investment in Turkey. Uni-Mar owns the 480MW CCGT Marmara power station located in Marmara-Ereglisi, Turkey.
Malakoff: Malakoff is a leading Malaysian independent power company in which International Power has approximately 20% equity interest. Malakoff is listed on the Kuala Lumpur stock exchange and has around 1,500MW of installed capacity in operation.
Kot Addu Power Company (KAPCO): KAPCO owns the 1,600MW CCGT power Kot Addu power station in Pakistan. International Power has a 36% equity interest in KAPCO.