French energy group EDF has reached an agreement with Energetický a Prumyslový Holding (EPH, Czech Republic), to sell its entire 95.6% interest in Budapesti Eromu Zrt. (BERt), Budapest's electricity company in Hungary. BERt has a capacity of 406 MW net and 1 170 MWt in three CCGT power plants (188 MW Kelenföld, 105 MW Ujpest and 113 MW Kispest) and covers about 60% of Budapest's heating needs. EDF accounts for about 4% of the country's installed capacity and 3% of power generation (2014).
EPH, the second largest power generation company in the Czech Republic, holds assets in power and heat generating companies and energy distribution and sales companies in the Czech Republic, Slovakia and Germany (mining). The group is increasingly active on the power market, through successive acquisitions; EPH has just completed the acquisition of E.ON's thermal power generation assets in Italy (about 3.9 GW in gas-fired capacity and 600 MW of coal-fired power capacity). In November 2014, it acquired the 1,960 MW Eggborough coal-fired power plant in Goole, in the United Kingdom. It also acquired a 49% stake in Slovakian gas utility SPP in 2013.
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