IPSA GROUP PLC - Extension to Power Purchase Agreement

Extension to Power Purchase Agreement

IPSA GROUP PLC
(Incorporated and registered in England and Wales)
(Registration Number 5496202)
AIM Share Code IPSA   ISIN GB00BOCJ3F01
JSE Share Code IPS    ISIN GB00BOCJ3F01
("IPSA" or "the Company")

Extension to power purchase agreement

IPSA, the AIM and Altx dual listed independent power
plant developer with operations in southern Africa, today
announces that its subsidiary Newcastle Cogeneration Pty.
Limited ("NewCogen") has signed an extension of its MTPPP
power purchase agreement with Eskom, South Africa's state
electricity company. The extension, which is for an
initial period of one year but which may be further
extended for two subsequent periods of two years each
providing that Eskom receives the necessary regulatory
approvals.


Commenting today, Peter Earl, Acting CEO of IPSA, said:
"We are pleased that the PPA extension has been signed
and the plant is able continue in operation. With this
behind us, we plan to resume our expansion programme.”

For further information contact:



Peter R.S. Earl, Acting CEO        +44 (0)20 7793 5615
IPSA Group PLC

James Joyce / James Bavister       +44 (0)20 7220 1666
W H Ireland Ltd

Riaan van Heerden,                 +27 (0)21 887 9602
PSG Capital (Pty) Ltd


7 April 2015

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