EPH to buy seven power plants in Italy

The second biggest power company in the Czech Republic, Energetický a Průmyslový Holding (EPH) has announced the purchase of seven Italian power stations with a total capacity of 4,500 MW from German energy group E.ON. The buys comprise six gas-fired plants on the mainland and one coal fired power station in Sardinia. EPH bosses have targeted the Italian electricity market because electricity prices are much higher than the European average. Late last year EPH also announced the purchase of a British coal fired power plant with capacity of around 2,000 MW.

Author: Chris Johnstone