According to the company’s website press release on February 21, 2023, EPH, through its subsidiary EP UK Investments Ltd, is pleased to announce that it has successfully obtained provisional 15-year new build contracts for a combined 1700MW high efficiency H-class CCGT power project and a 299MW 2-hour battery storage project at the site of the former Eggborough coal station in East Yorkshire. EP UK Investments Ltd (EPUKI) is 100 % owned subsidiary of EP Power Europe, a.s. (EPPE) and EPPE is wholly owned by Energetický a průmyslový holding, a.s. (EPH).
The site was acquired by EPH in 2015 as part of its acquisition of Eggborough Power Ltd, a former 2000MW coal plant that was decommissioned in 2018.
Subject to Final Investment Decision, these projects will provide a major contribution to the provision of indigenous generation and energy security through the 2020s and into the 2030s.
Jan Špringl, Member of the EPH Board of Directors, said: “Today’s Capacity Market result represents another milestone in our long-term strategy, focused on delivering flexible and climate friendly power generation sources. We are happy that with the investment of more than 1 bilion pounds we can construct one of the most modern power plant in Europe and materially contribute to the security of supply in the UK.“
The high efficiency H-class CCGT project will be the single largest flexible generation asset to be commissioned in the UK since 2012, whilst the battery project will also be one of the largest to be built in the UK to date. Given the site’s close proximity to existing National Grid infrastructure and a number of proposed CCUS and hydrogen pipeline routes, under EPUKI’s plans these projects will make a significant contribution to the UK’s energy transition and security for years to come.
These contracts were awarded as part of the Capacity Market auction for the 2026/2027 Delivery Year held on 21st February. The provisional clearing price, subject to Secretary of State approval, was 63£/kW.
