International Power confident for 2012 after positive results

International Power LSEIPR, the electricity generator that last year combined with the non-European operations of GDF Suez of France, said it was confident of reporting “further growth” in the coming year, in spite of widespread economic weakness in many developed nations.

The Financial Times reports that the company’s pro-forma ratings for 2011 showed an 8 per cent rise on 2010, rising to EUR 4.3bn from  EUR 4bn, while sales went up 3 per cent, to EUR 16.5bn, after EUR 15.9bn last time.

International Power said its confidence about 2012 was based partly on expectations of contributions to revenues and profits from new plants that became operational in late 2011.

Another factor was some 2.4 GW of net extra capacity – after taking into account the closures of outdated power units – that are likely to start up in the next 12 months.

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