Czech EPH Group acquires two biomass plants in Italy

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EPH/Fordaq
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Czech energy company EPH (Energetický a průmyslový holding, a.s.) completed on December 15 the acquisition of two biomass power plants Biomasse Italia and Biomasse Crotone (for a total capacity of 73 MW) from Bioenergie (50%) and Api Nòva Energia (50%). Thereby EPH becomes the most important group in Italy in the field of energy production from renewable solid biomass. A preliminary agreement was signed on October 20.

The transaction is part of the development plan of the Group to expand into the European renewables business and to develop the business of renewable energy in Europe. The total EBITDA of both acquired companies is about € 50 million, with an induced workforce of about 950 jobs, direct and indirect.

This is the second investment in biomass energy after the conversion project of the 400 MW carbon power plant of Lynemouth, as part of the coal “phase out” program promoted in the United Kingdom. Once completed, this will become one of the biggest biomass plant globally.

The acquired companies operate in the energy valorization of Italian wooden biomass.

With Biomasse Italia and Biomasse Crotone, the EPH Group integrates in its workforce 67 direct employees. The expected EBITDA of the two companies in 2017 amounts to €50 million, with an induced workforce of 950 direct and indirect jobs. Through this operation, EPH confirms its interest in new investment in the Italian energy sector, by strengthening the current presence of EP Produzione, the Italian generation company that manages in the Country an overall capacity of 4.3 GW through 6 thermoelectric plants.

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