Press Releases

17/10/2003

International Power Secures new US$450 million (£271 million) Credit Facility

(London, 17 October 2003) International Power plc today announces that it has signed a new three-year unsecured US$450 million (£271 million) Corporate Revolver facility with its core relationship banks.

The new facility will be available for general corporate purposes and replaces the existing US$540 million (£325 million) facility, which expires in October 2004. International Power has renewed this facility one year ahead of expiry in order to provide more certainty to the Company’s medium term capital structure.

“We are very pleased with this level of support from our core bank group. Together with our current liquidity, it reaffirms our balance sheet capacity for growth,” said Philip Cox, Chief Financial Officer.

The Lead Arrangers for this facility were ABN AMRO Bank N.V., Credit Lyonnais, ING Bank N.V. and The Royal Bank of Scotland plc.

For further information please contact:

Aarti Singhal
+44 (0)20 7320 8681

Notes to Editors

International Power plc is a global independent power producer with 10,990MW (net) in operation and 610MW (net) under construction. Among the countries where International Power has facilities in operation are Australia, the United States, the United Kingdom, the Czech Republic, Oman, the UAE, Portugal, Turkey, Malaysia, Pakistan and Thailand. International Power was created in October 2000 and its shares are traded on the London Stock Exchange, and as ADRs on the New York Stock Exchange under the ticker symbol “IPR”.