EDF and EP Energy complete the transaction for the sale of 95.6% of Budapesti Eromu Zrt. (BERT)
EP Energy, a.s., through its subsidiary company EP Hungary, and France-based E.D.F. International (EDF) have completed the transaction for the sale of EDF’s majority stake in Hungary-based Budapesti Erőmű Zrt.
EP Energy has acquired more than 95% of the shares in a company that owns three gas-fired cogeneration (combined heat & power) plants: Kelenföld (with an installed capacity of 188 MWe and 219 MWth), Újpest (105 MWe and 347 MWth) and Kispest (113 MWe and 282 MWth). These CHP plants meet almost 60% of the demand for heat in Budapest and generate approximately 3% of Hungarian electricity.
EP Energy is a member of the EPH Group.