Settlement of Overdue Receivables - Pakistan

(London - 22 September 2009) International Power announces that the state owned Water and Power Development Authority (WAPDA) of Pakistan has made further payments to the independent power sector in settlement of their overdue receivables, prioritising oil-fired plants.  As a result, International Power's share of the net overdue receivables at the Hub Power Company (HUBCO) and the Kot Addu Power Company (KAPCO) have been fully cleared.  International Power's share of the net overdue receivables at Uch Power Company is US$17 million (£10.4 million). We expect the remaining overdue receivables at the indigenous gas-fired Uch station to be cleared shortly.  

Note to Editors:

An exchange rate of £1:US$1.63 has been applied in this announcement.

International Power

About International Power

International Power plc is a leading independent electricity generating company with 33,227MW gross (21,358MW net) in operation and 3,290MW gross (988MW 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.