RWE Supply & Trading GmbH is pleased to confirm that agreement has been reached on the sale of Lynemouth Power Limited (Lynemouth Power), which is operating Lynemouth power station, to EP UK Investments Limited (EP UK), a subsidiary of Energetický a prumyslový holding (EPH), a leading Central European energy group.
The acquisition of Lynemouth Power Limited in 2012 was part of the Principal Investments business of RWE Supply & Trading GmbH.
Lynemouth Power owns and operates a 420 MW (gross capacity) coal fired station in the north east of the UK and has been working with contractors to design a technical solution for a full conversion of the power plant to run on biomass. Lynemouth Power received clearance from the European Commission on 1st December 2015 for its supporting Investment Contract (Contract for Difference) from the UK government.
EPH is a leading Central European energy group operating mainly in the Czech Republic, Slovakia, Germany, Italy, UK, Hungary and Poland. 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 (including the 2GW Eggborough Power Station). 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 9000 MW.