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Newcastle Cogeneration Plant Update and Standard Bank Loan 
IPSA, the independent power plant developer with operations in southern Africa,
which is quoted on AIM and has a secondary listing on AltX, today announces the
completion of the first stage of commissioning of the Newcastle Cogeneration
plant with 50 per cent. of the plant now ready to enter commercial operations.
First commercial revenues are expected during April 2007.
IPSA also announces the successful negotiation of a US$20m loan facility with
Standard Bank PLC to fund a portion of the payments due on the turbines
purchased, as announced on 9 March 2007, for the Company's development
project at the Coega Industrial Development Zone, near Port Elizabeth, Republic
of South Africa.
For further information please contact:
Peter Earl, CEO, IPSA Group plc 020 7793 7676
John Llewellyn-Lloyd, Noble & Company Limited 020 7763 2200 |
