Křetínsky’s EPH to buy two gas fired power plants in Great Britain
Energetický a průmyslový holding, or EPH, is gearing up to buy two gas fired power plants in Great Britain through daughter company EP UK Investments, the Czech News Agency reports. The price tag is expected to be in almost 10 billion crowns.
The plants, in Langage and South Humber Bank, will complete the firm’s UK portfolio which already boasts plants in Eggborough and Lynemouth. The transaction should be completed within the second half of 2017, Mr Častvaj added.
EPH now owns roughly fifty 50 companies across Europe involved in coal mining, electricity production, and heat supplies. In the Czech Republic, for example, the company controls electricity producer Elektrárny Opatovice and heating plant Plzeňska energetika. Mr Křetínsky became the majority owner of EPH just this year; currently he holds a 94 percent stake.