EPH enters the Dutch market by acquiring two gas fired power plants
Contify Energy News
EPH closed, via its subsidiary EP Netherlands, the acquisition of Sloe power plant with 870 MW installed capacity from ZEH N.V. and French electric utility company EDF S.A. EPH becomes a relevant player in the Dutch energy market, with approximately 7,5% share on total conventional installed capacity. Key Highlights: * In addition, on 5 January 2023, EP Netherlands acquired Rijnmond power plant with 800 MW installed capacity. * EPH becomes a relevant player in the Dutch energy market with approximately 7,5% share on total conventional installed capacity. * The EPH group has been gradually growing with new acquisitions and is now one of the 10 largest European energy companies by installed capacity. * Within its balanced portfolio of natural gas, hydro, nuclear, coal, solar, wind and biomass power plants, the EPH group controls a total installed capacity of 14 GWe. Original Press Release: Jan. 25 -- EPH issued the following news release: EPH today closed, via its subsidiary EP Netherlands, the acquisition of Sloe power plant with 870 MW installed capacity from ZEH N.V. and French electric utility company EDF S.A. In addition, on 5 January 2023, EP Netherlands acquired Rijnmond power plant with 800 MW installed capacity. Besides the power plant portfolio, EP Netherlands has also acquired PZEM Energy Company B.V. from ZEH N.V. which includes the ZBL pipeline (a 55 km gas pipeline supplying the Sloe Power Plant), trading business and B2B power and gas supply. With a total installed capacity of 1.670 MW, EPH becomes a relevant player in the Dutch energy market, with approximately 7,5% share on total conventional installed capacity which will ensure a stable supply of energy in the ongoing complex energy transition. On entering this new market, Peter Cernák, member of the Board of Directors of EP Power Europe, one of the pillars of EPH, states: “We are pleased to enter the dynamic Dutch energy market and to acquire these power plants and PZEM as a solid cornerstone for our long-term presence in the Netherlands. We keep exploring opportunities to support stable energy supply and the energy transition.” Filip Biznár, the new CFO of EP Netherlands: “We are happy to expand our presence in the Netherlands and especially wish to thank the former public shareholders of PZEM for their trust and cooperation. Electricity production from these low-emission gas-fired power plants will be necessary in the energy transition to ensure security of supply at all times. We look forward to strengthening our position in the Netherlands and be a reliable partner for the Dutch employees, our neighbours, and all stakeholders in the energy market.” EPH (Energetický a prumyslový holding, a.s.) is an energy utility company from the Czech Republic, consisting of two key pillars: EP Infrastructure and EP Power Europe. The EPH group has been gradually growing with new acquisitions and is now one of the 10 largest European energy companies by installed capacity. Within its balanced portfolio of natural gas, hydro, nuclear, coal, solar, wind and biomass power plants, the EPH group controls a total installed capacity of 14 GWe. The group operates in nine European markets – Germany, Slovakia, Italy, Switzerland, the UK, the Republic of Ireland, the Czech Republic, France, and now the Netherlands. Source: EPH [Category: Power, Power Generation, M&A Activities]