EPH acquires Northern Ireland plants from AES

AES corporation has announced plans to exit the UK. EP UK Investments will acquire AES’s entire  UK business – which is all in Northern Ireland - including all assets, systems and key management and staff.

AES will sell its interest in two Northern Ireland plants – the 708MW Ballylumford gas-fired power plant (100% ownership) and the 701 MW Kilroot coal- and oil-fired power plant (99% ownership) – as well as the 10MW Kilroot energy storage facility. This represents the first acquisition by EPH in Northern Ireland’s energy market, which forms part of the all-island Irish market.

AES has also announced plans to quit the Jordanian market. AES president and chief executive Andres Gliski said, “In line with our business strategy, we continue to reduce the number of countries in which we operate and focus our growth efforts in fewer markets, and especially in renewables, energy storage and LNG.”

The UK sale is subject to regulatory approval by the European Commission.

Further reading

Northern Ireland power market remains vulnerable in the event of no-deal

Lords seek reassurance from minister over post-Brexit energy and carbon prices

A Brexit conundrum for the electricity sector

Consent granted for Eggborough CCGT

Leave a Reply

Your email address will not be published. Required fields are marked *