International Power Secures Refinancing for the SEA Gas Pipeline, Australia

(London - 30 October 2009) International Power plc announces that, together with its partners, it has completed a A$425 million (£235 million) project refinancing for the 687km SEA Gas pipeline, which links Victoria and South Australia. The new financing will run until October 2012, and fully replaces the existing financing, which was due to expire in December 2009.

International Power owns 33.3% of the 687km SEA Gas pipeline; its partners in this project are Retail Employees Superannuation Trust and Australian Pipeline Trust, who also own 33.3% each.

The banks providing this new facility are Australia and New Zealand Banking Group, Commonwealth Bank of Australia, WestLB, National Australia Bank, Fortis Bank, Oversea-Chinese Banking Corporation and Investec Bank.

Notes to Editors:

An exchange rate of £1:A$1.805 has been applied in this announcement.

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International Power

About International Power

International Power plc is a leading independent electricity generating company with 32,949MW gross (21,239MW net) in operation and 3,330MW gross (1,028MW net) under construction. International Power has power plants in operation or under construction in Australia, the United States of America, the United Kingdom, Belgium, Canada, 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.