FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549


                        REPORT OF FOREIGN PRIVATE ISSUER
                        PURSUANT TO RULE 13A-16 OR 15D-16
                                     OF THE
                         SECURITIES EXCHANGE ACT OF 1934

For  the  month  of  February,  2003


                            ENERGY POWER SYSTEMS LIMITED
                  (FORMERLY: ENGINEERING POWER SYSTEMS LIMITED)
                  ---------------------------------------------
                    (Address of Principal executive offices)


          Suite 301, 2 Adelaide Street West, Toronto, Ontario, M5H 1L6
          ------------------------------------------------------------
                    (Address of principal executive offices)


Indicate  by check mark whether the registrant files or will file annual reports
under  cover  form  20-F  or  Form  40-F:

     Form  20-F    X          Form  40-F
               -----


Indicate  by  check  mark  whether  the registrant by furnishing the information
contained  in  this  Form  is  also  thereby  furnishing  the information to the
Commission  pursuant  to Rule 12g3-2b under the Securities Exchange Act of 1934:

               Yes                     No     X
                                          -----

If  "Yes"  is  marked, indicate below the file number assigned to the registrant
in  connection  with  Rule  12g3-  2(b):  82

                                   SIGNATURES

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned,  thereunto  duly  authorized.

     ENERGY  POWER  SYSTEMS  LIMITED
                              (formerly:  Engineering  Power  Systems  Limited)


Date:  February  12,  2003                    By:____"Sandra J. Hall"____ ______
     ---------------------                       -------------------------------
                   Sandra  J.  Hall,  President,  Secretary  &  Director




                             MATERIAL CHANGE REPORT
                  Section 75(2) of the Securities Act (Ontario)
                   Section 118(1) of Securities Act (Alberta)
             Section 85(1) of the Securities Act (British Columbia)


ITEM  1.          REPORTING  ISSUER
                  -----------------

ENERGY  POWER  SYSTEMS  LIMITED,  2  Adelaide  Street  West, Suite 301, Toronto,
Ontario,  M5H  1L6.

ITEM  2.          DATE  OF  MATERIAL  CHANGE
                  --------------------------

     February  11,  2003.

ITEM  3.          PRESS  RELEASE
                  --------------

The Press Release was disseminated via CCNMatthews via North American Disclosure
on  February  11,  2003.

ITEM  4.          SUMMARY  OF  MATERIAL  CHANGE
                  -----------------------------

     The  Company  issued  a  Press  Release,  attached  hereto  as Exhibit "A".

ITEM  5.          FULL  DESCRIPTION  OF  MATERIAL  CHANGE
                  ---------------------------------------

     No  information  other  than  that  provided  in  Item 4 above is presently
available.

ITEM  6.          RELIANCE  ON  SECTION  75(3)  OF  THE  ACT
                  ------------------------------------------

     Confidentiality  is  not  requested.

ITEM  7.          OMITTED  INFORMATION
                  --------------------

     No  information  has  been  omitted  in  respect  of  the  material change.

ITEM  8.          SENIOR  OFFICER
                  ---------------

     Sandra  J.  Hall,  President  &  Secretary  (416)  861-1484.

ITEM  9.          STATEMENT  OF  SENIOR  OFFICER
                  ------------------------------

     The foregoing accurately discloses the material changes referred to herein.

DATED  at  Toronto,  Ontario  this  11th  day  of  February  2003.


     ENERGY  POWER  SYSTEMS
     LIMITED



     Per:  "Sandra  J.  Hall"
               President  &  Secretary







                                       -2-
Exhibit  "A"
                                  NEWS RELEASE
                                  ------------

Toronto,  Canada - February 11, 2003 - ENERGY POWER SYSTEMS LIMITED (AMEX: EGY &
Frankfurt  Stock Exchange: EPW) (www.epsx.com) ("Energy Power" or the "Company")
announces  that  the  Company has filed Articles of Amendment effective February
11,  2003  changing its name to ENERNORTH INDUSTRIES INC., and consolidating the
common  shares  of  Energy  Power Systems Limited on the basis of one (1) common
share  of EnerNorth Industries Inc., for every three (3) common shares of Energy
Power  Systems  Limited.  Accordingly, the capitalization of the company will be
consolidated  from  12,178,645  common  shares  issued  and  outstanding  to
approximately  4,059,548  shares  issued  and  outstanding.

The  new  CUSIP number is 29275G 10 1.  The American Stock Exchange has approved
the  quotation  of  the  common  shares  of EnerNorth Industries Inc., under the
symbol  ENY.

The Company also announces that it has closed a US$0.8 million private placement
financing  with  four  arms-length  investors.  The  Company  has  issued  four
allotments  of four hundred thousand (400,000) pre-consolidated units at a price
of  US$0.50  per unit for net proceeds of US$0.8 million. Each unit is comprised
of  one  (1) pre-consolidated common share and one pre-consolidated common share
purchase  warrant.  Each  warrant entitles the holder to purchase one (1) common
share  at a purchase price of US $0.60 per common share exercisable for a period
of  two  years  after  closing.

Energy  Power  plans  to  use the proceeds from the private placement in part to
fund  potential  oil  and  gas  acquisitions  and  for  general  working capital
purposes.

                       ABOUT ENERGY POWER SYSTEMS LIMITED
                       ----------------------------------

Energy  Power is an integrated energy source and service company operating as an
INDUSTRIAL  &  OFFSHORE  DIVISION  and  an  OIL  &  GAS  DIVISION.


                                      -30-

For  further  information  contact:     Sandra  J.  Hall
                         President  and  Secretary
                         Telephone:  (416)  861-1484

Certain  statements  contained  herein  constitute  "forward-looking statements"
within  the meaning of the Private Securities Litigation Reform Act of 1995 (the
"Reform  Act"),  which  reflect the Company's current expectations regarding the
future  results of operations, performance and achievements of the Company.  The
Company  has  tried,  wherever  possible,  to  identify  these  forward-looking
statements  by, among other things, using words such as "anticipate," "believe,"
"estimate,"  "expect"  and  similar  expressions.  These  statements reflect the
current beliefs of management of the Company, and are based on current available
information.  Accordingly,  these  statements  are  subject to known and unknown
risks,  uncertainties  and  other  factors which could cause the actual results,
performance  or  achievements  of  the  Company  to differ materially from those
expressed  in,  or  implied  by,  these  statements.  (See  the Company's Annual
Information  Form  and  Annual  Form 20 F for Risk Factors.)  The Company is not
obligated  to update or revise these "forward-looking" statements to reflect new
events  or  circumstances.