Nigel welcomes Eggborough Power Station acquisition

Nigel welcomes Eggborough Power Station acquisition

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The future of Eggborough Power Station looks to be more secure after it was bought by new owners in a deal described as “very encouraging” by Selby and Ainsty MP, Nigel Adams. The news follows uncertainty for the plant’s hundreds of workers earlier this year when the 2 GW Eggborough station announced it may have to close.

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

Nigel Adams said: “This is very encouraging news. I have been working closely with Eggborough management and the Government to help secure a future for the station for a number of months now to get the station on a conversion path which includes biomass and this deal means Eggborough now has an owner with great experience of this marketplace and I look forward to sitting down with them soon to find out their exact plans”

Neil O’Hara, CEO 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.

The deal is subject to approval by the European Commission