Developer & operator of power generation plants.
The operating asset improved sharply in 2025, but at the listed holdco level value is still trapped inside debt layers, shareholder loans, and valuation assumptions.
The shift toward private sales is the real economic engine behind the IPM valuation, but the size of the value also rests heavily on an 8.9% discount rate, a 40-year horizon, and a long residual value, while the shareholder loan is already being measured at 11.5% over a short du…
At G.P. Global Power, the operating improvement still has not become usable parent liquidity: reported working capital is driven mainly by intercompany loans and fair-value marks, while actual cash remains very thin.
