EPH to build a power plant and battery storage facility in Britain for almost CZK 27 billion

The Czech energy group Energetický a průmyslový holding (EPH), owned by billionaire Daniel Křetínský, will build a gas-fired power plant and battery storage facility in Britain for more than £1 billion (about CZK 26.7 billion). The projects still need approval from the relevant British authorities. EPH announced the plans in a press release today.

EP UK Investments Ltd, which oversees EPH’s British assets, secured a 15-year contract in a capacity auction to operate a new gas-fired power plant with an installed capacity of 1,700 megawatts (MW) and a battery storage facility with an installed capacity of 299 MW.

“We are proud that, once completed, this power plant will be one of the most modern in Europe and will make a significant contribution to ensuring the reliability of electricity supplies, especially when renewable sources are unable to meet electricity demand in Great Britain,” said Jan Špringl, a member of EPH’s board.