| Type | Public limited company |
|---|---|
| Traded as | LSE: IPR |
| Industry | Electricity |
| Founded | 2000 |
| Headquarters | London, United Kingdom |
| Key people | Dirk Beeuwsaert (Chairman) Philip Cox (CEO) |
| Products | Electrical power |
| Revenue | £4,989 million (2010)[1] |
| Operating income | £995 million (2010)[1] |
| Net income | £197 million (2010)[1] |
| Parent | GDF Suez |
| Website | www.iprplc-gdfsuez.com |
International Power PLC (LSE: IPR) is an international electricity generator formed in 2000 by the demerger of National Power. It is headquartered at Senator House, 85 Queen Victoria Street in the City of London. It is listed on the London Stock Exchange and, after a two and a half year absence, it rejoined the FTSE 100 Index in March 2005. It had a market capitalisation of approximately £16.9 billion as of 23 December 2011, making it the 24th-largest company on the London Stock Exchange.[2]
In August 2010 the company announced a tie-up with GDF Suez via a reverse takeover whereby GDF Suez transferred its Energy International Business Areas (outside Europe) and certain assets in the UK and Turkey to International Power in exchange for 70% of the stock of the combined entity. The remaining 30% remained in the ownership of the existing International Power shareholders. The combination closed on 3 February 2011 following approval by shareholders[3].
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In 2000 National Power demerged its UK businesses as Innogy with the remainder of the business being renamed International Power.[4] The Company was first listed on the London Stock Exchange on 2 October 2000. In February 2011, International Power combined with GDF SUEZ’s Energy International Business Areas (outside Europe) and certain assets in the UK and Turkey, to create an enlarged Group with more than 66 GW of power generation (gross) in operation and 22GW gross capacity under construction.[5]
International Power plc is a leading independent electricity generating company with 72,360MW (gross) (42,225MW net) in operation and a significant programme of 15,503MW (gross) (6,561MW net) projects under construction as at 30 June 2011. International Power is listed on the London Stock Exchange with ticker symbol IPR. GDF SUEZ holds a 70% interest in International Power plc.
In October 2010 MeyGen, a consortium of Morgan Stanley, Atlantis Resources Corporation and International Power, received an operational lease from the Crown Estate for a 400MW tidal power project for 25 years in the Pentland Firth.[6]
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