EP Energy acquisition of 95% of Budapesti Erőmű

Overview:

• EP Energy, through subsidiary EP Hungary, has acquired a 95% stake in Budapesti Erőmű (BERT) from EDF.
• BERT is an energy company and owner of three gas fired co-generation power plants in Budapest.
• The three plants are Kelenföld (188MW and 219MWth), Újpest (105MW and 347MWth) and Kispest (113MW and 282MWth).
• Together they provide 60% of Budapest's heating needs and 3% of the country's electricity.

Sam Duke - Editor