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Independent Power Corporation PLC: Britain’s leading power developer and operator of power plants

We build and run power plants for governments, large corporations and independent power producers. The electricity produced in our plants is sold to third parties, such as industrial companies which use the electricity themselves, or wholesalers and distributors who take responsibility for collecting payment from retail customers or counterparties.

Our fully owned subsidiary, Independent Power Operations Limited (IPOL), provides a complete operations and maintenance service for generation and distribution assets, acting as technical operator for power plants worldwide.

Independent Power Corporation PLC (IPC) has owned, operated or developed over 4,500 MW of thermal and hydropower generation facilities in Latin America, North America, South Africa, Asia and Europe.

 


Latest Developments 

07 November 2017 – The Earl Consortium announces that it does not intend to make an offer for Rurelec PLC. In accordance with Rule 26.1 of the Code, a copy of this announcement is published on this website. The content of the website is not incorporated into and does not form part of this announcement. 

Rule 2.8 Announcement of the UK City Code on Takeovers and Mergers.


11 April 2017 – Independent Power Corporation PLC (IPC) is proud to announce the establishment of a new power development company, QG Power Africa (QGPA). This joint venture, with engineering consultancy Tomé International and the US$250 million Quantum Global Mezzanine Fund, has been set up to develop power plants across countries in the sub-Saharan Africa region. It will focus, during its initial phase, on Angola, Botswana, Mozambique, Uganda, Nigeria, Kenya and Ghana. QGPA will expand its development capabilities to meet Africa’s fast growing demand for power.

 

IPC is looking forward to develop power assets with the support of Tomé as project managers and Quantum Global as strategic investors.

 

Milko Skoro, Managing Director, Head of Structuring at Quantum Global commented, “The joint venture arrangement of QGPA is based on an exceptional match of capabilities and expertise of the involved parties to conceive and develop power projects across the sub-Saharan region. Tomé and IPC’s track record and the newly created platform for further growth were highly attractive to QG Africa Mezzanine LP.”

 

The rationale behind this investment, beyond generation of solid returns, is the infrastructure sector’s substantial potential for job and wealth creation and local supply chains that positively impacts upon national economies in Africa. Commercial infrastructure projects in sub-Saharan Africa currently show unparalleled potential and resilience against the perceived risks associated with the African continent.

 

Speaking today, Peter Earl, CEO of IPC, said, “We are delighted to be working with such strong partners who are committed to rolling out a programme of new, low emissions, high efficiency power plants across Africa.  The combination of our expertise with that of Tomé and the financial muscle of Quantum Global positions us well to meet our ambitious plans in the coming years.” 


Foreign Office Signing Ceremony

On November 2, 2015, British and Kazakh companies signed deals and agreements worth $5 billion during Kazakh President Nursultan Nazarbayev's visit to London and his meeting with the Prime Minister of the UK David Cameron.

 

The biggest agreement, announced separately by Independent Power Corporation, was a memorandum of understanding with Kazakh state firm KazTransGas on projects worth $3.1 billion to build a 1,500-kilometre gas pipeline and four power plants with the total capacity   of 1,600 MW in the Central Asian nation.

 

IPC is proud to be leading deals with a combined value of over $3.1 billion in Kazakhstan. The forthcoming plans will permit natural gas to be brought to Central Kazakhstan for the first time, which will provide a progressive advancement of Kazakhstan’s power generation supply. The closely linked projects aim to provide power for the Kazakh capital Astana and three other cities, Karaganda, Zhezkazgan and Temirtau.

 

Commenting on the signed agreements, Peter Earl, Chief Executive Officer of IPC, said: "We are very pleased to be returning to Kazakhstan nearly twenty years after our first presence in the country as owners of a 608 MW Soviet designed power plant. Now we are looking to play our part in expanding Kazakhstan’s power generation matrix with new, Clean Tech power plants in the industrial heartland of this important country.

 

Press Release: Signing Ceremony between IPC and KazTransGas, November 2015