8 April, 2002 – International Power announced today the appointment of Ian Nutt to be Head of US subsidiary American National Power. Nutt, former head of Global Operations for International Power, comes with 27 experience in the power industry.

International Power has been expanding its US interests and gross turnover in North America increased by 58 from £150m in 2000 to £237m in 2001.

Peter Giller, CEO of International Power said, “As our 4000 MW construction programme in the US reaches the final stages of completion we are pleased to have someone with Ian’s depth of technical experience to lead ANP. His skills in the field of plant operation and maintenance will be of vital importance in taking the business forward and making it a success.”

In addition to his role as head of Global Operations, International Power said that Nutt has been playing a critical role in asset management serving on the Boards of Hub Power Company, Malakoff, Uni-Mar and Kot Addu Power Company.

Hub Power Company (HUBCO) owns and operates the 1300 MW Hub River power station in Pakistan. It is listed on the Karachi and Luxembourg stock exchanges. International Power has a 26 per cent equity interest in HUBCO. Malakoff is a leading Malaysian independent power company in which International Power has approximately 20 per cent equity interest.