Energetický a průmyslový holding, a.s. (EPH) is a
Czech Republic
The Czech Republic, also known as Czechia, and historically known as Bohemia, is a landlocked country in Central Europe. The country is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the south ...
(
Prague
Prague ( ; ) is the capital and List of cities and towns in the Czech Republic, largest city of the Czech Republic and the historical capital of Bohemia. Prague, located on the Vltava River, has a population of about 1.4 million, while its P ...
) based company currently investing mainly in the energy sector in
Europe
Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...
, founded in 2009.
The group's business lines covers the complete value chain ranging from highly efficient cogeneration, power generation, and natural gas transmission, gas storage, gas and electricity distribution and supply.
The majority owner is
Czech entrepreneur and lawyer
Daniel Křetínský (94%), who is ranked among the richest
Czechs
The Czechs (, ; singular Czech, masculine: ''Čech'' , singular feminine: ''Češka'' ), or the Czech people (), are a West Slavs, West Slavic ethnic group and a nation native to the Czech Republic in Central Europe, who share a common Bohemia ...
in the long term and according to
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
he became a dollar billionaire in 2017. The remaining 6% is distributed among selected managers of EPH. EPH employs almost 25.000 people and comprises over 50 companies.
Ownership
The company was founded in August 2009 as an indirect subsidiary of
J&T Finance Group. Initially, its ownership structure consisted of
PPF (40%), J&T (40%) and
Daniel Křetínský. In August 2012 PPF converted part of its debt for EPH shares and increase its share to 44.4% (decreasing J&T share to 37.04% and Daniel Křetínský share to 18.52%). In June 2014 PPF sold its stake for 1.1
EUR billions, since then ownership Daniel Křetínský and
Patrik Tkáč own 2/3 share and J&T 1/3 share. As of December 31, 2014 shareholders were equally BIQUES LIMITED (part of J&T PARTNERS I L.P.), MILEES LIMITED (part of J&T PARTNERS II L.P.) and EP Investment S.à r.l. (owned by Daniel Křetínský), while rest of 44.4% was
treasury stock.
[ Treasury stocks were cancelled in September 2015.
In October 2015 EPH announced its plan to reorganise all of its Central European infrastructure assets under one holding company, EP Infrastructure, and possibility of the disposal of a minority stake in that holding, including an ]initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
.
In November 2016 EPH announced change in its shareholder structure and sale of 31% stake in EP Infrastructure to Macquarie Infrastructure and Real Assets (MIRA). After this transaction Daniel Křetínský will ultimately own 94% of EPH and the remaining 6% will by owned by managers of EPH.
Activities by country
Czech Republic
Main assets held in the Czech Republic are:
* – 363 MW cogeneration coal power station near Hradec Králové and Pardubice
Pardubice (; ) is a city in the Czech Republic. It has about 92,000 inhabitants. It is the capital city of the Pardubice Region and lies on the Elbe River. The historic centre is well preserved and is protected as an Cultural monument (Czech Repub ...
with extensive heat distribution network
* United Energy – Most based electricity and heat production company
* Plzeňská energetika – Plzeň
Plzeň (), also known in English and German as Pilsen (), is a city in the Czech Republic. It is the Statutory city (Czech Republic), fourth most populous city in the Czech Republic with about 188,000 inhabitants. It is located about west of P ...
based electricity and heat production company
* Pražská teplárenská (50.1% share directly, 49% share on 47,3% shareholder) – Prague based heat production company
* EP Renewables - renewable power plants developer
* – freight railway company
France
Since December 2018 EP Power Europe, a subsidiary of EPH, is negotiating to acquire all the French assets of German group Uniper. These assets include two gas-fired power plants with a total capacity of 828 MW, two coal power plants with an installed capacity of 1,200 MW, a 150 MW biomass power plant and 100 MW of wind and solar resources. Agreements were signed in July 2019.
Germany
* - coal mining company ( Profen coal mine, United Schleenhain coal mine), owner of three smaller cogeneration coal power stations
** Buschhaus Power Station and nearby
* Saale Energie (41.9% stake) - owner of 916 MW Schkopau Power Station
On 30September 2016, Vattenfall
Vattenfall is a Swedish multinational corporation, multinational electrical power industry, power company owned by the List of government enterprises of Sweden, Swedish state. Beyond Sweden, the company generates power in Denmark, Finland, Germa ...
completed the sale of its German lignite facilities to the Czech energy group EPH and its financial partner PPF Investments. Named afterwards LEAG.[
] The following assets were transferred:
* power plants
** (3,000 MW)
** Schwarze Pumpe power station (1,600 MW)
** (1,900 MW)
** 50% stake in (1,840 MW)
* coal mines
**
**
**
**
** (closed as of September 2016)
An October 2016 blog post speculates that the new owners are banking on government compensation for the forced early retirement of these assets. They may either seek capacity payments for staying online and providing backup or they may decommission and sue for lost profits.[
]
In November 2017 EPH subsidiary EP Power Europe acquired 750 MWe Mehrum Power Station.
In May 2019 EPH subsidiary EP Logistics International acquired freight railway company .
Hungary
In June 2015 it was announced, that EPH will acquire 95.6% stake in Budapesti Erőmű from Électricité de France. Budapesti Erőmű owns three gas-fired cogeneration plants in Budapest
Budapest is the Capital city, capital and List of cities and towns of Hungary, most populous city of Hungary. It is the List of cities in the European Union by population within city limits, tenth-largest city in the European Union by popul ...
region: (installed capacity of 188 MWe and 395 MWth), (105 MWe and 421 MWth) and (113 MWe and 366 MWth). These plants meet almost 60% of the demand for heat in Budapest and generate approximately 3% of Hungarian electricity.
In December 2017 a consortium Mátra Energy Holding of EP Power Europe (EPH subsidiary) and Status Power Invest acquired 72.6% stake in Mátrai Eromu Zrt. Company is operating 950 MWe Mátra Power Plant as well as Visonta and Bükkábrány coal mine.
Italy
In January 2015 it was announced, that EPH will acquire part of E.ON assets in Italy:
* coal-fired power plant Fiume Santo in Sassari
Sassari ( ; ; ; ) is an Italian city and the second-largest of Sardinia in terms of population with 120,497 inhabitants as of 2025, and a functional urban area of about 260,000 inhabitants. One of the oldest cities on the island, it contains ...
(600 MWe)
* gas-fired power plants (4,900 MWe)
** Livorno Ferraris (805 MWe)
** Tavazzano (1,740 MWe)
** Ostiglia (1,482 MWe)
** Ferrara
Ferrara (; ; ) is a city and ''comune'' (municipality) in Emilia-Romagna, Northern Italy, capital of the province of Ferrara. it had 132,009 inhabitants. It is situated northeast of Bologna, on the Po di Volano, a branch channel of the main ...
** Trapani
Trapani ( ; ; ) is a city and municipality (''comune'') with 54,887 inhabitants, on the west coast of Sicily, in Italy. It is the capital of the Province of Trapani. Founded by Elymians, the city is still an important fishing port and the mai ...
** Scandale (814 MWe)
Ireland
In October 2019 EP UK Investments, a subsidiary of EP Power Europe, acquired 80% share of Tynagh Energy Limited, owner of the 400 MWe gas-fired Tynagh Power Plant.
Poland
* (99.8% stake) - coal mining company
Slovakia
In January 2013, EHP acquired from GDF Suez and E.ON Slovak Gas Holding, owner of 49% share in Slovenský plynárenský priemysel for approximately €2.6 billion. In September 2013 Government of Slovakia agreed to reorganization of SPP. As result Slovakia will gain 100% stake SPP, but EPH will gain 49% stake and management control in SPP Distribúcia, that will acquire most of current SPP subsidiaries.
In May 2013 Électricité de France (EDF) confirmed that it would sell its 49 percent stake in Stredoslovenská energetika (SSE) to EPH for about 400 million €.
In December 2013 EPH acquired 40.45% stake in gas storage operator from E.ON, while 56.15% stake is held by EPH controlled SPP Infrastructure.
In December 2015 EPH signed a contract with Enel to buy 66% stake in Slovenské elektrárne, former Slovak electric utility state monopoly. In the first phase, Enel will sell 50% of holding company of 66% stake. In the second phase, a put or a call option
In finance, a call option, often simply labeled a "call", is a contract between the buyer and the seller of the call Option (finance), option to exchange a Security (finance), security at a set price. The buyer of the call option has the righ ...
for remaining 50% of holding company can be exercised after receiving the operation permit of Units 3 and 4 of the Mochovce Nuclear Power Plant, which are currently under construction.
Ukraine
In April 2020 EPH subsidiary EP Ukraine has been granted a license to explore and extract mainly natural gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...
in the Grunivska field ( Sumy Oblast, Poltava Oblast) and Ochtyrska field (Sumy, Poltava and Kharkiv Oblast).
United Kingdom
In November 2014 it was announced, that EPH will acquire Eggborough Power Station. The transaction was completed in January 2015.
In January 2016 EPH acquired Lynemouth power station from RWE npower. In February 2016 it was reported that EPH are entering the SME retail energy market with a new online service called Energy Scanner.
In June 2017 it was announced that EPH will acquire South Humber Bank and Langage Power Stations from Centrica.
In April 2019 AES Corporation has agreed to sell Ballylumford power station and Kilroot power station to EP UK Investments, a subsidiary of EPH. The transaction was completed in June 2019.
In March 2020 EP UK Investments acquired Humbly Grove Energy Limited, that owns and operates Humbly Grove Gas Storage facility.
Netherlands
January 2023 EPH acquired via its Dutch subsidiary EPNL the 50% stake of EDF in 870 MW Sloe powerstatio
49
At the same time the other 50% of Sloe powerstation was acquired by an overtake of the Dutch energy company PZEM. With these deals EPNL got a 100% ownership on Sloe powerstation near Vlissingen
Vlissingen (; ) is a Municipalities of the Netherlands, municipality and a city in the southwestern Netherlands on the island of Walcheren. With its strategic location between the Scheldt river and the North Sea, Vlissingen has been an importan ...
and also a 50 km naturalgas pipeline was included in this deal, what supplies the Sloe powerstation.
In the same periode EPNL take over the 800 MW gasfired Rijnmond Energy powerstation near Rotterdam
Rotterdam ( , ; ; ) is the second-largest List of cities in the Netherlands by province, city in the Netherlands after the national capital of Amsterdam. It is in the Provinces of the Netherlands, province of South Holland, part of the North S ...
from GSO Capital Partners.
In May 2023 EPNL acquire the Dutch assets of Castleton Commodities International (CCI). This deal include the 425 MW gasfired Maasstroom Energy powerstation nearby Rotterdam (and beside Rijnmond Energy) and a 50% stake in the 950 MW gasfired Enecogen powerstation in Europoortbr>
See also
* Energy in the Czech Republic
References
External links
*
{{DEFAULTSORT:Energeticky a prumyslovy holding
Electric power companies of the Czech Republic
Electric power companies of Germany
Energy companies of Poland
Energy companies of Slovakia
Energy companies established in 2009