Press Releases

07/12/2000

Interim Results for the Six Months Ended 30 September, 2000

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For more information about the 2000 Interim Results please go to the Results Announcements section.

(London – 7 December, 2000) International Power plc, one of the world’s largest independent power producers, today announces interim results for the six-month period ending 30 September, 2000, and also reports on key accomplishments during our first two months since demerger.

“Our interim results are solid, the businesses in our core markets of the US, Europe and Australia are performing well, and our global growth program is moving ahead,” said Sir Neville Simms, the company’s Chairman. “We are addressing the future of the non-core assets in our portfolio as indicated by our decision to exit China and progress in reaching a satisfactory outcome in Pakistan,” he added.

Highlights

		6 Months to 30 Sept. 2000 (£ million)	6 Months to 30 Sept. 1999 (£ million)	CHANGE
(Excluding exceptional items)

TURNOVER
	Gross¹	516	422	+22%
	Net	218	165	+32%

Profit before interest and taxes		110	89	+24%

Earnings per share		3.5p
	(Basic and fully diluted)

¹ Gross turnover includes group's share of turnover of joint ventures and associates; net turnover represents turnover of subsidiaries only.

Capital expenditure during the period of £430 million
Net debt £884 million; gearing at 49%; debt capitalization at 33%
New 550MW CCGT plant began interim operations before the Texas summer peak
Construction completion expected to add another 3340MW in US by early 2002
Australian installed capacity grew by 72% to 1,980MW
Memorandum of Understanding reached with Pakistan’s WAPDA for Kot Addu

Media contact:	Aarti Singhal
	0-207-320-8681

Investor contact:	Grant Jones
	0-207-320-8619

Notes to editors

International Power is one of the world’s largest independent electric generating companies with over 6,700 megawatts (net) in operation, 4,500MW (net) under construction and approximately 8,000MW (net) in advanced development. Among the countries where International Power has operating facilities are Australia, the United States, the United Kingdom, the Czech Republic, Portugal, Spain, Turkey, Malaysia, Pakistan, and Thailand. International Power was created from the demerger of National Power, and its shares began trading independently on the London Stock Exchange and as ADRs on the New York Stock Exchange on 2 October, 2000. The ticker symbol on both stock exchanges is “IPR”.