News

21st June 2017: EPH to buy Langage and South Humber Bank gas-fired power stations from Centrica
 
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).

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.”

Tom Bains, CFO of EPUK, said “The UK team has proven to be a great platform to support EPH's growth strategy. The Langage and South Humber Bank assets are efficient and well managed plants led by a highly skilled management team and workforce and we welcome them to our group”.

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.


3rd February 2017: Capacity Market Result  
 
The “T-1” auction for the Early Capacity Market concluded on 3rd February 2017 and Eggborough Power Station has been provisionally awarded a Capacity Agreement.
 
This will mean Eggborough Power Ltd will continue as a 4 Unit generation station into our 51st year.

On 8th February 2017, Eggborough will mark 50 years of electricity generation from Eggborough Power Station to the National Grid (starting 8th February 1967).

The official opening of the Power Station was 1970, once all four Units were commissioned.


20th October 2016: Capacity Market


The early Capacity Market pre-qualification results were published last Friday and we are pleased to announce that Eggborough has provisionally prequalified to participate in the auction due to take place in January 2017.
 
We have provisionally prequalified to participate as a 4 Unit station.



25th August 2016: Proposed Eggborough CCGT Project
  
Eggborough Power Limited is proposing to develop a new gas-fired power station on the site of its existing coal-fired power station at Eggborough near Goole in East Yorkshire. The new power station will be a combined cycle gas turbine or ‘CCGT’ plant.

Further information on the proposed plans can be found here.


1st August 2016: 3 Unit running at Eggborough Power Ltd

We are pleased to confirm that Eggborough Power Ltd will run a Unit in the wholesale market alongside the SBR Units this winter.

Units 1 and 2 will now be allocated to the SBR contract with National Grid, with Unit 4 being available from 16th September, which is the target return to service date, following the outage.


8th February 2016: SBR CONFIRMATION 

We are pleased to confirm that Eggborough Power Ltd has today signed an Supplemental Balancing Reserve (SBR) Contract with National Grid to provide extra capacity during the winter of 2016/17.

The contract covers 775MW of capacity to be delivered by two of Eggborough's four Units.



16th December 2015: SUPPLEMENTAL BALANCING RESERVE (SBR) OFFERED TO EGGBOROUGH POWER STATION

Eggborough Power Ltd has been offered a SBR contract from National Grid to provide emergency power during the winter of 2016/17.
 
Chief executive Neil O-Hara said: “We are currently in discussions with National Grid to fully understand their requirements." 


7th January 2015: European Commission Update

The European Commission have announced their approval of the acquisition of Eggborough by EPH.  The Commission concluded that the transaction would not raise competition concerns.

This is positive news and moves us another step closer to completion of the transaction.

 

 

1st December 2014: Eggborough helps low-income households to lower bills and keep homes warm
 

Eggborough Power Ltd, which operates Eggborough power station, has met environmental targets under the government's Community Energy Saving Programme (CESP). 
 
Like its fellow generators, Eggborough faced significant challenges meetings its obligations under the CESP order due to the lack of any domestic customers.  These challenges were exacerbated by the fact that, following the sale of Eggborough by EDF in 2010, it was not formally confirmed by Ofgem that Eggborough had an obligation until mid 2011 (i.e. only a year and a half before the deadline of 31 December 2012).  In spite of these challenges Eggborough managed to beat its obligations by in excess of 20%. 
 
Eggborough spent a substantial amount of time and effort assessing potential partners, eventually settling on Community Energy Solutions (CES).  Unlike many of the other obligated parties, Eggborough selected a not for profit organisation like CES who had close links with councils and housing associations.  These links meant that they were able to quickly develop large scale insulation schemes in areas of significant economic hardship.  Eggborough worked extremely closely with CES throughout the project in identifying opportunities to expand the schemes, visiting site to see the progress of the works and managing all reporting to and interfaces with Ofgem.
 
Under CESP, generators as well as energy suppliers had to deliver energy saving measures to households in low-income areas by the end of December 2012.




5th November 2014: Change of ownership at Eggborough Power Station

Energetický a průmyslový holding (“EPH”), a leading Central European energy group, and Eggborough Power Limited (“Eggborough”), which owns the 2GW Eggborough Power Station, are pleased to announce that agreement has been reached on the sale of Eggborough to EPH. Transaction completion is subject to approval by the European Commission.

Eggborough is an independent power producer located in North Yorkshire with a c. 2GW coal-fired power station comprised of four units which supplies c. 4% of the power in the UK, equivalent to powering c. 3 million homes. It employs c. 300 full time staff members.

Neil O’Hara at Eggborough said: “We are pleased that EPH has made this investment and look forward to working closely with them.”

Daniel Kretinsky, Chairman of EPH said: “The acquisition of Eggborough power plant reflects our genuine interest in the UK market and our appreciation of the highly competent management, skilled employees, technology and location of the plant.”

EPH is a leading Central European energy group operating mainly in the Czech Republic, Slovakia and Germany. It is a vertically integrated energy utility covering the complete value chain in the energy sector. It includes 40 companies operating in coal extraction, electricity and heat production from conventional and renewable sources, electricity and heat distribution, electricity and gas trading and supply to end users. EPH is also the gas industry leader in Slovakia and the key shipper of natural gas from Russia to the European Union. The companies in the group employ more than 10,000 people. EPH’s generating plants currently have a total installed electrical capacity of almost 1,750 MW and their annual output is approximately 8.5 TWh. This transaction marks EPH’s first acquisition in, and entry into, the UK market.

Rothschild acted as financial adviser and Linklaters LLP as legal adviser to the selling shareholders of Eggborough and White & Case LLP as legal adviser to EPH.

 
For more information:

Eggborough Media contact: Monica Green The Partners Group

Tel: 01904 610077

Email: monica@partners-group.co.uk

 

EPH Media contact: Daniel Častvaj

Tel: +420 – 604 211 864

Email: castvaj@epholding.cz