Total in talks to acquire Uniper gas-fired power plants in France from EPH (translated)
26 DEC 2018
French energy group Total [EPA: FP] confirmed it signed an agreement with Czech Republic’s Energetický a průmyslový holding (EPH) to acquire two gas-fired power plants with around 400 MW each located in Saint-Avold Lorraine, France, French daily Les Echos reported.
EPH, through its wholly owned subsidiary EP Power Europe, announced earlier this week that it accepted to enter into exclusive negotiations with Germany's Uniper [ETR:UN01] for the acquisition of Uniper's activities in France, including (i) two gas-fired power plants with around 400 MW each in Saint-Avold (Lorraine), (ii) two hard coal plants, each with around 600 MW, located in Saint-Avold and Gardanne (Provence), (iii) a 150 MW biomass power plant "Provence 4 Biomasse" located in Gardanne, as well as (iv) wind and solar power plants with a combined capacity of around 100 MW.
Total said that the acquisition of the two plants from EPH would be effective on 1 January 2020. Terms of the deal were not disclosed.