Press Releases

IPSA, the AIM and AltX dual listed independent power plant developer with operations in southern Africa, today announces its final results for the year to 30 September 2007.

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Read more: Final Results

IPSA, the independent power plant developer with operations in southern Africa, announces that it received notification on 29 February 2008 that on 26 February 2008 Rathbone Unit Trust Management Ltd ('Rathbone'), acting through its business group and legal entities, had an interest in 4,000,000 ordinary shares of 2 pence each in the Company, representing 4.47% of the issued share capital of the Company. This represents the entire holding of Rathbone in the share capital of the Company.

Read more: Notifiable Interest

IPSA, the independent power plant developer with operations in southern Africa, announces that it received notification on 1 February 2008 that on 30 January 2008 Morgan Stanley Securities Limited ('MSSL') was interested in 2,705,000 ordinary shares of 2p each in the Company, representing 3.02% of the issued share capital of the Company.

Read more: Notifiable Interest

IPSA is pleased to announce that it has appointed the Standard Bank of South Africa (Standard Bank) as its mandated lead arranger on the financing of its 1,600 MW Coega Fast Track Combined Cycle Gas Turbine Project in Port Elizabeth the 'Coega Project').

Read more: IPSA Appoints Lead Arranger of Project Debt for Coega

IPSA is delighted to announce the appointment of Ms Rizelle Sampson, the CEO of African Footprint Investment Holdings (Pty) Limited, as a non-executive director of the Company with immediate effect.

Read more: Appointment of Director

IPSA Signs Memorandum of Co-operation with Government of South Africa for Public-Private Partnership Role at Coega

IPSA, the independent power plant developer with operations in southern Africa, is pleased to announce a memorandum of co-operation (the "MOC") with the Central Energy Fund (Pty) Ltd ("CEF"), the wholly owned subsidiary of the Government of South Africa, for a key role as private sector power plant developer to the integrated energy project being developed at the Coega Industrial Development Zone ("IDZ") outside Port Elizabeth.

Read more: IPSA Signs Memorandum of Co-operation with Government of South Africa

IPSA is pleased to announce the appointment of Michael Neill Cox, Partner at Price Firman, as the Finance Director of the Company with immediate effect.

Read more: Appointment of Director

The directors of independent power plant developers IPSA Group PLC ("IPSA" or the "Company") announce that it has today sold a 50% interest in its wholly-owned subsidiary, Elitheni Clean Coal Holdings Limited ("ECC") to Exodus Africa LLC ("Exodus") for a premium of US $5 million to IPSA's holding cost in ECC.

Read more: IPSA Joint Venture for Elitheni Clean Coal Plant