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What does IHP stand for?

IHP stands for Indicated Horsepower

This definition appears somewhat frequently

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Other Resources:
We have 182 other meanings of IHP in our Acronym Attic

Samples in periodicals archive:

As I tracked the plane back toward runway centerline, I looked down and noted that horsepower on the left engine was about 400 indicated horsepower (IHP), while the right engine was up over 1,200 IHP.
It would have produced up to 14,000 indicated horsepower or a tractive effort of 190,000 pounds.