Czech company EPH struggles for E.ON’s Italian assets

12/12/2014 10:19 Electricity Market


Privately-held Czech energy group EPH would like to acquire several Italian assets put on sale by German utility E.ON, potentially pitting it against France’s EDF in a 2 billion euro ($2.5 billion) battle, as stated on Thursday by two sources familiar with the situation.

Edison, an utility based in Italy, possessed by French electricity giant EDF, remains interested in E.ON's Italian operations, said a source close to the matter. Another source considers that EPH might purchase only gas turbine assets. According to the source, if no single acquirer for all of the assets appears, E.ON would vend the business in fragments. Earlier this month, E.ON made known about the sale of its Spanish assets to Macquarie for 2.5 billion euros. Italian companies like Hera and Gala have made offers for E.ON's client portfolio. Energy group Erg and infrastructure fund F2i have bid for the renewable assets. Meanwhile, China’s Shanghai Electric Power at the beginning of the month said that it was in initial contact with E.ON over the potential acquisition of the German utility's Italian coal assets, which the Chinese company estimated at150 million euros. In November, EPH decided to purchase the 2,000 MW Eggborough coal-fired power plant from Eggborough Power Limited, making its first acquirement in Britain.

Daily (31.07.2020): WTI crude slipped below $40 a barrel on Thursday amid bearish economic data, political uncertainty in the U.S.

31/07/2020 10:44:00

Crude oil futures posted a steep decline on Thursday, with WTI crude slipping below $40 a barrel for the first time in three weeks, pressured by worries about resurgence in coronavirus cases and bearish U.S. economic data. Suggestions made by U.S. President Donald Trump that nation's November presidential election may be delayed added further pressure on oil prices. Hence, Brent crude decreased by 81 cents, or 1.9%, to settle at $42.94 a barrel. At the same time, U.S. WTI crude futures fell by $1.35, or 3.3%, to end at $39.92 a barrel.


Gazprom Neft joins the international LNG-bunkering community

31/07/2020 09:40:00

Gazprom Neft has become the 1st oil company in Russia to join the Society for Gas as a Marine Fuel (SGMF), through its Gazpromneft Marine Bunker subsidiary Gazpromneft Shipping, operator of the Gazpromneft Marine Bunker fleet.


German wind, solar tenders award 384 MW in July

31/07/2020 09:26:00

Projects with a combined capacity of 384 MW secured surcharges in Germany’s tenders for wind and solar power this month, the Federal Network Agency, also known as the Bundesnetzagetur (BNetzA) has announced.