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Founded in 1995, Independent Power Corporation PLC (“IPC”) is an international power development company with interests in electricity generation in Europe, Latin America, southern Africa and Asia. 

Through its wholly owned subsidiary, Independent Power Operations Limited (IPOL), it offers owners a complete operations and maintenance service for generation and distribution assets. The service aims to improve standards of operation and enable Owners to introduce up-to-date management to achieve better efficiencies in use of fuel and engineering resources and in protecting the environment.

Since its inception, IPC has developed and operated 3,729 MW of coal-fired, gas-fired, diesel-fired and hydroelectric power plants of which 2,301 MW was owned by IPC itself. It has acted as formal sponsor to 1,291 MW of Greenfield capacity involving both open cycle and combined cycle gas turbines.

A former affiliate of Xcel Energy Inc, the US utility company, in June 2013 IPC was acquired by Rurelec PLC, a London Stock Exchange AIM quoted company. 

It has operated power plants for third parties, such as BP, and has qualified to operate plants owned by BG, Lukoil and Shell as well as qualifying for projects funded by multinational lenders including the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the Andean Development Corporation (CAF), and the International Finance Corporation (IFC) arm of the World Bank.