Press Releases
16/08/2007
International Power completes acquisition of remaining 50% of its Australian Retail Partnership
(London – 16 August) Further to our announcement on 25 May 2007, International Power has successfully completed the acquisition of the remaining 50% of the EnergyAustralia and International Power (Australia) retail energy partnership. International Power has paid A$142 million (£59 million) in cash to EnergyAustralia for the remaining 50% share of the partnership from existing liquid resources. Following the completion of this transaction the business will be called Simply Energy.
The business sells electricity and gas to retail customers in Victoria and South Australia and now has more than 400,000 power and gas accounts, providing an effective additional route to market for International Power Australia.
Notes to editors
Simply Energy web site address: http://www.simplyenergy.com.au
For further information please contact:
| Investor Contact: James Flanagan +44 (0)20 7320 8869 |
Media Contact: Beth Akers +44 (0)20 7320 8622 |
About International Power
International Power plc is a leading independent electricity
generating company with 30,198 MW gross (18,326 MW net) in
operation and 149 MW gross (74 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, France, Germany, Italy, the
Netherlands, Portugal, Spain, Turkey, Bahrain, Oman, Qatar, Saudi
Arabia, the UAE, Indonesia, Pakistan, Puerto Rico and Thailand.
International Power is listed on the London Stock Exchange with
ticker symbol IPR. Company website:
www.ipplc.com
