International Power Canada Welcomes Ontario's Long Term Energy Plan

TORONTO, Nov. 23 /CNW/ - Toronto, Ontario-based International Power Canada, Inc. ("IPC"), a renewable energy company, applauds the Ontario Government in its release of the proposed Long Term Energy Plan ("LTEP") today. The LTEP is intended to provide a roadmap for the province's power and infrastructure needs over the next 20 years.

Mike Crawley, International Power Canada's President, said he was very encouraged that the Government has moved forward with the Plan.

"The plan will continue to provide the stability in the energy sector with its long-term, integrated look at the power system as a whole," said Crawley. "This is essential to attracting private investment and securing the next generation of clean energy jobs in the province."

In 2009, International Power Plc ("IPR") expanded its North American business to include the Canadian market. IPR, an independent power producer ("IPP") with over 34,000 MWs of installed capacity worldwide, chose to do so in large part due to the commitments that the Ontario Government made to competitive, open power procurement processes and policies that promote renewable energy development.

The Green Energy and Economy Act and Feed-in Tariff program enacted by the Ontario Government provides a good basis for long-term investment in Ontario and was a key driver of IPR's decision to enter the market.

International Power Canada is currently constructing the Pointe-Aux-Roches Wind project in southwestern Ontario. Pointe-Aux-Roches is the first wind project to go to construction under the FIT program in Ontario.

"This government has seized upon opportunities in the green energy economy and this Plan provides industry with the stability to continue to make this happen," said Crawley. "We look forward to continued opportunities to build clean energy and create jobs."

International Power Canada (formerly AIM PowerGen) is a renewable power developer, owner and operator based in Toronto, Ontario. International Power Canada is a subsidiary of International Power Plc, a leading independent electricity generating company with 34,408MW gross (20,949MW net) in operation and 4,502MW gross (1,393MW net) under construction. International Power is listed on the London Stock Exchange with ticker symbol IPR. Company website: www.ipplc.com

For further information:

David Timm
Vice President, Strategic Affairs   
International Power Canada  
647-519-8466
[email protected]