Prague-based Central European energy group EPH has completed the acquisition of 80 per cent of the shares of Irish gas power plant Tynagh Energy.
Tynagh Energy is an independent power producer in the Republic of Ireland which owns a 400 MW Combined Cycle Power Plant in Galway. This is the first acquisition by EPH in the Republic of Ireland and complements its existing portfolio in the United Kingdom.
“The acquisition of Tynagh complements our strategy to expand our presence in the European power generation sector,” said Jan Springl, CEO of EP Power Europe.
“The power station is an important source of flexible, reliable, low-cost energy across the electricity market in Ireland.”