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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 

Nebras Power IPC Developments Completion 9 01 20 4January 2020 – IPC today announces that it has formed a development joint venture with Nebras Power QPSC of Qatar for gas fired and renewable power plants across a wide range of markets.  Initially focused on the Caspian Sea countries of Azerbaijan and Kazakhstan, where IPC is preferred bidder for 1,250 MW of new CCGT capacity, the new joint venture, called Nebras Power-IPC Developments Limited, is expected to expand into other markets including those of Europe and Latin America.

Nebras Power is 60 per cent owned by Qatar Electricity and Water Company (QEWC) and 40 per cent owned by Qatar Holding LLC, a wholly owned subsidiary of Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. It owns 4,845 MW of generating assets in four countries with new greenfield solar power development projects of some 485 MW in Brazil.  It aims to divide its investment in power generation equally between thermal plants and renewable plants, such as wind and solar projects.

 Signing Ceremony between IPC and Nebras

 


 

11 November 2019 – IPC Signs Initial Memorandum of Understanding with Azerenerji JSC for 1,000 MW Yaşma Project

IPC jointly with its Turkish partner KEP International Trade and Representation, Inc. (KEP) today announces that they have signed a Memorandum of Understanding (MOU) outlining initial heads of terms with Azerenerji JSC (AZE), the state-owned power company of Azerbaijan, for 1,000 MW of new gas fired power capacity at Yashma, 45 kilometers northwest of the capital city of Baku. The signature follows a series of discussions with several international groups initiated by AZE during the third quarter of 2018 whereby Azerenerji replaces thermal power plant capacity which was destroyed in a fire in July 2018.

Under the agreed technical proposal set out in the MOU IPC/KEP will build, own, operate and transfer two baseload power blocks of 400 MW each operating in combined cycle together with a third open cycle block consisting of aero-derivative gas turbines which will be used to provide 200 MW peaking capacity for Baku and to provide frequency modulation for the transmission grid around Azerbaijan’s capital.  The 200 MW of peaking capacity will also serve as back-up for new wind and solar renewable energy plants which Azerenerji expects to add to its transmission system as part of Azerbaijan’s commitment to low carbon energy production in the coming years.

KEP is a Turkish consulting firm established in 1968 active in developing in various roles power plants (more than 2,000 MW), refineries (3 TÜPRAŞ refineries, STAR Refinery, DAPRAŞ Refinery, Ersan Refinery), and petrochemical plants (Petkim, SASA).

 


 

Peter Murtaza Signing25 October 2019 – IPC and Artex Construction LLP (“Artex”) today announce that they have formed Kazakh Independent Power Limited (“KIP”) as a new joint venture company based in London to develop, own and operate a new 250 MW gas fired combined cycle power plant to be installed in the City of Aktau in the Mangistau region of Western Kazakhstan.  This follows the selection of IPC as project sponsor in a competitive tender launched in April 2018 by the Akimat of Mangistau working in collaboration with MAEK, the state-owned regional power company. 

The official signing and announcement of the formation of KIP took place on 24 October 2019 at the 6th United Kingdom-Kazakhstan Inter-Governmental Commission (IGCC) proceedings held in London.

Under the agreed technical proposal agreed with the Akimat of Mangistau, IPC will build, own, operate and transfer a single baseload power block of 250 MW operating in combined cycle while also supplying medium and low pressure steam for the district heating system of Aktau, the important regional centre of Western Kazakhstan which is located on the coast of the Caspian Sea.  The new plant will be Kazakhstan’s first combined cycle gas turbine (CCGT) power plant and will be based on a successful design implemented by IPC in Bolivia for that country’s first CCGT plant.

Artex is the leading Kazakh infrastructure construction company of Western Kazakhstan.  It has constructed more than 1,000 kilometres of new motorway in Kazakhstan financed by multilateral development banks including the EBRD and Asian Development Bank and has completed similar projects across the Caspian region.

 


TTT Signing Photo for Website Announcement Small

4 April 2018 – Independent Power Corporation PLC (“IPC”) announces its appointment     as financial advisor for Turang Transit Taşımacılık A. Ş. (“TTT”), part of the ASB Group,     to  develop the 1,800 kilometre natural gas pipeline across Turkey to link southern           European gas networks with the gas producers of the Caspian region. The TTT Pipeline   will provide a reliable, high volume, affordable route to supply European markets with       natural gas from the Caspian and Gulf regions. IPC is maximising the use of British     goods and services to ensure the Pipeline’s eligibility for the financial support of United     Kingdom Export Finance.

IPC recently hosted a TTT delegation in London for a two day workshop which kick   started the funding process for this strategic infrastructure project. Commenting on the   partnership, IPC CEO Peter Earl said, “We are delighted to be working with partners who   are committed to bringing this strategic regional project to fruition. The ASB Group’s   historical position in the Turkish energy market, through its Som Petrol and other oil and   gas trading subsidiaries, is the perfect bedrock on which to build a new energy supply   route for Europe.”

 IPC CEO, Peter Earl with Sitki Ayan, Owner of ASB Group.

ASB Group Website

 


Foreign Office Signing CeremonyOn 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.

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

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.