Start Up of Newcastle Power Plant

24 June 2010 

IPSA PLC (AIM: IPSA), the developer, owner and operator of power generation capacity in Southern Africa, announces that, on 23 June 2010, its NewCogen subsidiary re-started production of electricity under an short term contract with Eskom is due to end on 30^th June.

In the meantime NewCogen and Eskom are awaiting formal notification from NERSA, the electricity regulator, that a six year MTPPP power purchase agreement has finally been approved.  A further announcement will be made on the MTPPP contract as soon as news is available.

Speaking today, Peter Earl, CEO of IPSA said.  "I am delighted that our Newcastle plant is helping South Africa Cup in enhancing security of supply in this Winter period coinciding with the World Cup especially now that England has advanced to the final sixteen.  We are honoured that NewCogen is contributing to the electricity supply that will light up Bloemfontein next Sunday evening."

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