EPH to buy Langage and South Humber Bank gas-fired power stations from Centrica
21. 6. 2017
Centrica plc has agreed to sell its operational Langage and South Humber Bank combined cycle gas turbine (CCGT) power stations, with a combined capacity of 2.3GW, to EP UK Investments Ltd (EP UK) for £318million in cash, subject to customary working capital and other completion adjustments.
EP UK is fully controlled by EP Power Europe, a.s. (EPPE) and EPPE is a wholly owned subsidiary of Energetický a průmyslový holding, a.s. (EPH).
CEO of EPH Daniel Křetínský said “We are proud to have the opportunity to continue Centrica´s tradition in the conventional power generation market in the UK. This is a significant acquisition in our strategy of increasing our generation capacity in the UK market. The two CCGTs will complement our existing UK portfolio of Eggborough and Lynemouth power stations and our Eggborough CCGT development project.”
The transaction is subject to EU merger clearance and is expected to close during the second half of 2017.
EPH generates over 100 TWh of power annually, which places it as the 7th largest power producer in Europe.