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  • The EPH energy group of Czech billionaire Daniel Kretinsky said Friday it was buying a German coal-fired power plant, once again bucking a move in Europe towards greener resources. EPH already owns part of the 900-megawatt Schkopau plant near Halle, in eastern Germany. It has now signed a deal with Germany's Uniper energy group to buy the remaining 58-percent stake and become sole owner as of October 2021, the group said in a statement that did not disclose the price. "Following an agreement with the seller we won't make the purchase price public," EPH spokesman Daniel Castvaj told AFP. As much of Europe moves away from fossil fuel-based energy plants -- including powerhouse Germany which plans to eliminate power generation from coal by 2038 -- EPH is headed the other way, relying on coal for much of its production to the dismay of environmentalists. EPH's unit EPPE "also owns the MIBRAG mining company running the Profen surface mine and so it will link mining with power production and ensure stable and reliable energy supplies," EPH said. The mine is situated near Schkopau, which EPH said would help ensure supplies to a nearby industrial park and the rail company Deutsche Bahn. In July, EPH announced that it would buy French assets that included two coal-fired power plants from Uniper, which is based in the western German city of Dusseldorf. Kretinsky also owns several French media outlets, including a stake in the daily Le Monde. He has stakes in French retailer Casino and Germany's Metro, and also owns the Sparta Prague football club. His group is active in Britain, the Czech Republic, France, Germany, Hungary, Italy, Poland and Slovakia. frj/amj/wai
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  • Czech group bucks green trend to buy German coal plant
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