RWE sells UK power station to Czech group

RWE has agreed to sell a 420 MW coal-fired power plant in the UK to Czech-Slovak energy investment group EPH.

Lynemouth coal-fired power plant in northern England was purchased by the German utility in 2012.
Lynemouth coal-fired power plant
The sale comes after the European Commission in December approved British plans to subsidize Lynemouth's conversion to burn biomass instead of coal, a plan RWE at the time said would take 18 months.

RWE is currently transforming its business and prioritising a pooling of its renewables, networks and retail divisions into a new entity.

The purchase is the latest evidence of EPH strategy of building up its portfolio of plants around Europe. It bought a 66 per cent stake in Slovak power utility Slovenske Elektrarne from Italy's Enel as well as E.ON's coal- and gas-fired power plants in Italy.

 



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