Wind Prospect-Canunda Press Release Aug04

FIRST PHASE OF CONSTRUCTION COMPLETE AT CANUNDA

4 August 2004

Following preliminary access track construction, the steel fixers and concrete trucks have been in, completing eight wind turbine foundations on the Canunda Wind Farm site in South Australia. With these, the first construction phase of the $92.5 million Canunda Wind Farm, developed by Wind Prospect Pty Ltd and owned by International Power is now well underway.

Wind Prospect construction manager Paul Bultitude was pleased with the work's progress, saying:

'The Canunda Wind Farm construction is running smoothly despite the winter weather and the challenges it brings. Our schedule is demanding but the concrete pours are an important benchmark in the site's progress. We're confident that the wind farm will be commercially operational by early 2005 providing clean, green energy to South Australian homes, particularly those in the south-east.'

Local manufacturing firms are benefiting from the development, with fabrication of the nacelles being carried out in Tasmania. The first sets of blades are on their way from Denmark; and the towers, which are being fabricated in Adelaide, are expected to be erected in late September.

Other construction on the site - which is located at Lake Bonney near Millicent in the south-east of South Australia - is continuing apace, with 75% of the export transmission line constructed, and installation of the meteorological masts due to be completed by mid August.

On completion (expected early 2005), the wind farm will consist of 23 Vestas 2MW wind turbines with an installed capacity of 46MW, and generate enough electricity to supply around 25,000 average South Australian homes.

The site will be owned and operated by International Power.

Wind Prospect, the McLaren Vale based wind energy developer, has more megawatts of wind farm projects in advanced stages of planning and construction than any other company on mainland Australia. The company has received planning approval for 380 MW and has a further 320MW at the planning submission stage.

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Notes For Editors

1. Wind Prospect Pty Ltd is a consortium company that includes Wind Prospect Ltd based in the U.K and Australian interests. Both individually and collectively, these companies are among the largest and most experienced wind energy developers in the industry today.

2. Wind Prospect Ltd's success in development, construction and operations has been based on over a decade of experience, flexibility and a pioneering spirit. In 2002 Wind Prospect Ltd project managed the construction of 60% of the wind farms commissioned in the UK and in 2003 were awarded the BWEA Developer's Developer Award following the planning success for over 150MW, both onshore and offshore in the UK. At present Wind Prospect Ltd operate nearly 50 turbines. With involvement in nearly 1,000MW of approved projects in UK, Ireland and Australia, they are now also looking to expand into wave energy development in the UK.

3. The local manufacture of wind turbine components, and hence the creation of significant numbers of employment opportunities, is principally dependent upon the Federal Government substantially increasing the existing MRET provisions.

4. International Power plc is a leading independent electricity generating company with 11,072MW (net) in operation and 1,655MW (net) under construction. Among the countries where International Power has facilities in operation or under construction are Australia, the United States, the United Kingdom, the Czech Republic, the UAE, Portugal, Turkey, Malaysia, Oman, Pakistan and Thailand. International Power was listed on the London Stock Exchange and the New York Stock Exchange (as ADRs), on 2 October 2000.

For further information please contact:

Michael Vawser
General Manager
Wind Prospect Pty Ltd
144 Main Road
McLaren Vale
South Australia 5171
t: +61 (8) 8323 9322
f: +61 (8) 8323 8111
e: admin@windprospect.com.au

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	Wind Prospect Pty Ltd, 144 Main Road, McLaren Vale, South Australia 5171 t: +61 (0)8 832 39322 f: +61 (0)8 832 38111 e: admin@windprospect.com.au