RWE Supply & Trading GmbH has reached an agreement for the sale of Lynemouth Power Limited, which is operating Lynemouth power station, to EP UK Investments Limited (EP UK), a subsidiary of Energetický a prumyslový holding (EPH), a Central European energy group.
The acquisition of Lynemouth Power Limited in 2012 was part of the Principal Investments business of RWE Supply & Trading GmbH. Lynemouth Power owns and operates a 420 MW (gross capacity) coal fired station in the north east of the UK.
Lynemouth has been working with contractors to design a technical solution for a full conversion of the power plant to run on biomass and received clearance from the European Commission on 1st December 2015 for its supporting Investment Contract.
EPH energy utilities covers the complete value chain in the energy sector. It includes 40 companies operating in coal extraction, electricity and heat production from conventional and renewable sources, electricity and heat distribution, electricity and gas trading and supply to end users. EPH is also the gas industry leader in Slovakia and the key shipper of natural gas from Russia to the European Union.