LONDON, 3-7-2015 — /EuropaWire/ — EP Energy, a.s., has, through its subsidiary company EP Hungary, a.s., entered into an agreement with France-based E.D.F. International (EdF) on the sale of its majority stake in Hungary-based Budapesti Erőmű Zrt. EP Energy will therefore acquire more than 95% of the shares in a company that owns three gas-fired cogeneration (combined heat & power) plants : Kelenföld (with an installed capacity of 188 MWe and 395 MWt), Újpest (105 MWe and 421 MWt) and Kispest (113 MWe and 366 MWt). These CHP plants meet almost 60% of the demand for heat in Budapest and generate approximately 3% of Hungarian electricity.
The transaction is subject to approval by the Hungarian anti-monopoly authority and endorsement by the Hungarian regulator, and authorisation by the French Ministry of Economy is also required.
CONTACT
SERVICE DE PRESSE
Phone: +33 (1) 40 42 46 37
Service-de-presse@edf.fr
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering micro, small, and…
(IN BRIEF) Bentley Motors introduced its new Compact Full Spectrum Driving Simulator, set to be…
(IN BRIEF) Kapsch TrafficCom AG has successfully divested assets not aligned with its strategic core…
(IN BRIEF) GTT and PipeChina Engineering Technology Innovation Co. Ltd (PipeChina Innovation) have signed a…
(IN BRIEF) Alfa Laval is part of the consortium Molten Salt Storage (MOSS), funded by…
(IN BRIEF) Rheinmetall has secured significant new orders for its plug-and-play heat pump solution, signaling…