IP snaps up Saltend

June 2005
Power Economics;6/1/2005, Vol. 9 Issue 11, p3
The article informs that International Power PLC has purchased for £500 million the 1,200 MW CCGT Saltend power plant from Calpine Corp. International Power will purchase the plant in a 70:30 deal with Mitsui & Co. Ltd. of Japan. The acquisition is expected to be completed at the end of July, pending regulatory approval. In 2004, Saltend generated profit before tax of £16 million on net assets of £112 million.


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