EPH is going to acquire E.ON´s Italian gas and coal generation assets

12. 1. 2015

E.ON has decided to sell its Italian coal and gas generation assets to Czech energy company Energetický a průmyslový holding (EPH). The activities that will be sold have a total generation capacity of approximately 4,500 megawatts. They consist of an approximately 600 megawatt coal-fired power plant in Sardinia (Fiume Santo) and approximately 3,900 megawatts of gas-fired power capacity across six power plants located on the Italian mainland and in Sicily.

EPH CEO Daniel Křetínský said “We are proud to have the opportunity to continue E.ON’s tradition in the conventional power generation in Italy. EPH is mindful of current economic pressure on this sector. We are committed to guide the assets through this difficult period and help to find appropriate solutions to maintain the security of supply at attractive costs. Our strategy is a long term and development focused. We look forward working on this goal together with employees, trade unions and other stakeholders.”

The transaction is subject to the approval of the European Union competition authority. The transaction is expected to close in the second quarter of 2015.