Press Releases

As stated in the announcement made on 24th October 2008, IPSA Group PLC ("IPSA" or "the Company") is providing shareholders with an update on progress since that date. IPSA continues to be in advanced discussions with selected parties outside South Africa for the sale of the four Fiat Avio 501 D gas turbines previously intended for its Coega project near Port Elizabeth, South Africa. However, the Company wishes to emphasize that any such sale may or may not proceed to completion and that the current financial climate may impact on the timetable to completion.

Read more: Update regarding possible disposal of gas turbines

IPSA Group PLC ("IPSA") today announces that it has reached formal agreement with Elitheni Coal (Pty) Ltd ("Elitheni"), a subsidiary of Strategic Natural Resources PLC ("SNR"), for the coal supply to approximately 250 MW of its initial power projects in South Africa's Eastern Cape. At the same time, the basis of a framework agreement has also been put in place giving IPSA the right of first refusal for further coal supplies from Elitheni to serve the 1,000 MW of clean coal power plant capacity which IPSA intends to develop throughout the Eastern Cape between East London and Port Elizabeth. IPSA has also been pre-qualified to participate in Eskom's Multi-site Baseload IPP Programme.

Read more: IPSA clean coal project expansion advances with agreement to use SNR's Elitheni coal

Highlights :

- Advanced discussions for sale of four gas turbines: significant potential profit
- Option to acquire new turbines for Coega development under negotiation IPSA Group PLC

Read more: Possible disposal of gas turbines

IPSA, the independent power plant developer with operations in southern Africa, announces that it received notification on 2 October 2008 that on 29 September 2008 Credit Suisse Securities (Europe) Limited had an interest in 3,710,000 ordinary shares of 2 pence each in the Company, representing 4.14% of the issued share capital of the Company.

Read more: Notifiable Interest

IPSA Group PLC ("IPSA") is pleased to announce that it is increasing the scale of its clean coal-fired power plant development programme in South Africa's Eastern Cape. IPSA now intends to increase its overall portfolio of clean coal-fired capacity under development from 500 MW to nearly 1,000 MW by the addition of new steam turbine units to be built in the area between East London and Port Elizabeth.

Read more: IPSA Group PLC to Double New Clean Coal-fired Capacity in Eastern Cape

The Board of IPSA announces that on Wednesday 2 July 2008 it received notification that on Tuesday 1 July 2008 Moore Credit Fund (Master), LP, which is interested in 3,703,700 ordinary shares in IPSA representing 4.14% of the existing issued share capital, has changed its name to JCAM Global Fund (Master), LP.

Read more: Change in name and investment manager of significant shareholder

IPSA Group PLC, the independent power plant developer in southern Africa, today announces its interim results for the six months to 31 March 2008.

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Read more: Interim Results for the six months ended 31 March 2008

The Board of IPSA announces that the annual report and accounts for the year ended 30 September 2007 are today being posted to its shareholders.

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Download PDF of AGM Notice

Read more: Annual Report and Accounts