Czech Group Energetick\u00fd a pr\u016fmyslov\u00fd holding (EPH) has signed the contract concerning the purchase of E.ON\u2019s coal and gas generation assets Group in Italy. EP Produzione is the company that will manage the Italian assets, fully controlled by EPH Group.<\/p>\n
The agreement follows the announcement of the transaction made on 12th January, and the receipt of the approval by the European Commission in May. It includes the transfer to EPH of a total generation capacity of some 4,500 megawatts consisting 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.<\/p>\n
\u201cThis acquisition is a continuation of our strategy, announced earlier, of entering advanced western European markets that do not have a sufficient reserve margin in their installed capacity and therefore are joining a changed market arrangement known as the capacity model. The UK and Italian markets are the main markets that are in this situation and our interest focuses on them. We are also fully aware that in its current situation, the Italian generation market is under huge economic pressure and this situation cannot change before the capacity market is implemented. Our business plan takes this situation into account. To conclude, I would emphasise that in Italy we pursue a long-term and development-focused strategy, including our interest in additional acquisitions. We aim at continuing E.ON\u2019s successful tradition in the conventional power generation in Italy, pursuing a long term strategy focused on the development of these assets. We look forward to work on this together with employees, trade unions and other stakeholders.\u201d says Daniel K\u0159et\u00ednsk\u00fd, EPH Chairman and co-owner.<\/p>\n
The two parties have agreed that they will not disclose any additional details.<\/p>\n","protected":false},"excerpt":{"rendered":"
Czech Group Energetick\u00fd a pr\u016fmyslov\u00fd holding (EPH) has signed the contract concerning the purchase of E.ON\u2019s coal and gas generation assets Group in Italy. EP Produzione is the company that will manage the Italian assets, fully controlled by EPH Group. The agreement follows the announcement of the transaction made on 12th January, and the receipt of the approval by the European Commission in May. It includes the transfer to EPH of a total generation capacity […]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"tax-year":[16],"acf":[],"wpml_current_locale":"en_US","wpml_translations":[{"locale":"cs_CZ","id":12334,"post_title":"EPH p\u0159evzal italsk\u00e9 uheln\u00e9 a plynov\u00e9 elektr\u00e1rny od spole\u010dnosti E.ON","href":"https:\/\/eph23.atelierzidlicky.eu\/eph-prevzal-italske-uhelne-plynove-elektrarny-od-spolecnosti-e\/"}],"_links":{"self":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases\/12335"}],"collection":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/types\/press-releases"}],"wp:attachment":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/media?parent=12335"}],"wp:term":[{"taxonomy":"tax-year","embeddable":true,"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/tax-year?post=12335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}