International Power Completes Sale of 50% Interest in 318MW Hartwell Plant to Oglethorpe Power Corporation 

(London - 14 October 2009) Further to our announcement on 21 April 2009, International Power, together with its partner, has successfully completed the sale of the Hartwell plant, a 318MW gas and oil-fired peaking facility located in Georgia, US, to Oglethorpe Power Corporation (Oglethorpe). 

The final purchase price was US$148.5 million (£93.4 million) including US$53.5 million (£33.6 million) of existing project level debt which was paid off by Oglethorpe at closing. Oglethorpe, the power purchase agreement offtaker, exercised its right of first refusal to buy the plant in July 2009. 

Notes to Editors:

To view related announcements please visit: http://www.ipplc.com/ipr/news/press/pr2009/.

An exchange rate of £1:US$1.59 has been applied in this announcement.

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About International Power

International Power plc is a leading independent electricity generating company with 32,909MW gross (21,199MW 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, Belgium, the Czech Republic, France, Germany, Italy, the Netherlands, Portugal, Spain, Turkey, Bahrain, Oman, Qatar, Saudi Arabia, the UAE, Indonesia, Pakistan, Thailand and Puerto Rico. International Power is listed on the London Stock Exchange with ticker symbol IPR. The Company website is: www.ipplc.com.