NEWS

EPH Group acquires biomass power plants in Italy

Tuesday, Jan 09, 2018

EPH (Energeticky a prumyslovy holding, a.s.) completed the acquisition of the biomass power plants owned by Biomasse Italia and Biomasse Crotone (for a total capacity of 73 MW) from Bioenergie (50%) and Api Nòva Energia (50%), becoming the most important group in Italy in the renewable energy production from solid biomasses.

The transaction is part of the development plan of the Group to expand into the European renewables business. The total EBITDA of both companies is about Euro 50 million, with an induced workforce of about 950 jobs, direct and indirect.

The acquired companies operate in the energy valorization of the Italian wooden biomass. Italy represents an excellence in this industry at European level. This, through the sustainable and efficient maintenance activities of the wood forests, also generates important environmental benefits, like the prevention of fires and the reduction of hydrogeological risks. Thanks to the removal of wooden materials from the river banks, the likelihood of disasters in case of floods is reduced.

 

Source: lesprom.com

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