In 2001 Peter Earl led a buy-out of IPC, acquiring the minority shareholdings of Xcel Energy and Lord Moynihan. IPC today is British-owned and has accordingly received support from the United Kingdom's DTI for expansion into new territories.

After expanding IPC development and plant management capabilities in Kazakhstan in 2002, IPC decided to spin off its plant ownership and development activities in Latin America and Southern Africa respectively into two separate companies each of which now has its own stock market quotation on the AIM Market of the London Stock Exchange. IPC's recent growth strategy includes building up stakes in quoted regional power generation companies.

IPC currently holds a 16.1% interest in Rurelec PLC and an 11.2% interest in IPSA Group PLC.

 
http://www.rurelec.com/
Rurelec PLC was floated on AIM in August 2004. It owns controlling stakes in the Latin American power companies Empresa Guaracachi SA ("Guaracachi") in Bolivia and Energia del Sur SA ("EdS") in Argentina. Guaracachi is quoted on the Bolsa Boliviana de Valores in La Paz and today has 439 MW of gas-fired capacity in operation or in commissioning. It is Bolivia's largest power generator with almost 40 per cent market share of on-grid installed capacity. EdS owns 76 MW of gas-fired capacity in operation in Patagonia. In 2007 both Guaracachi and EdS will convert open cycle gas turbines to combined cycle adding 80 MW and 60 MW of new capacity respectively.
 
http://www.ipsagroup.co.uk/
IPSA Group PLC was floated on AIM in September 2005. Its first power plant at Newcastle will be commissioned by December 2006. This plant is both the first privately financed power plant and the first gas-fired power plant in South Africa. It is a combined heat and power CCGT plant of 18 MW. IPSA has over 2,000 MW of new clean burn power capacity under development in South Africa and a further 250 MW of greenfield projects outside South Africa. In October 2006 IPSA's shares are expected to be admitted to listing on the AltX market of the Johannesburg Stock Exchange following a share placing with blue chip South African institutional investors.

Independent Power Corporation PLC, Prince Consort House, 27-29 Albert Embankment, London, SE1 7TJ
telephone: 020 7793 5600 fax: 020 7793 7654 email: enquiries@indpow.co.uk
company registered in England and Wales number: 03097552