Slovakia: EPH acquires 50% of Slovenske Elektrarne for 150 million euros

EPH, a Czech group owned by Daniel Kretinsky, acquires a majority stake in Slovenske Elektrarne for 150 million euros, consolidating its presence in the European nuclear energy market.

Partagez:

The Czech energy group EPH has finalized the acquisition of a majority stake in Slovenske Elektrarne, Slovakia’s largest electricity producer. This transaction, valued at 150 million euros, is part of a strategy to strengthen its position in the European energy market, particularly in the nuclear sector.

EPH acquired 50% of Slovak Power Holding (SPH), which holds two-thirds of Slovenske Elektrarne, from the Italian company Enel. The other half of SPH had already been purchased by EPH in 2016. The deal also includes the settlement of financial commitments related to this stake: 970 million euros in loans provided by Enel to Slovenske Elektrarne and 158 million euros in unpaid interest.

Strategic energy production

With an annual production of 21.66 terawatt-hours in 2023, primarily from the nuclear plants in Jaslovske Bohunice and Mochovce, Slovenske Elektrarne plays a critical role in the energy supply of Slovakia and the region. The Slovak government retains a 34% stake in the company, ensuring partial control over this strategic asset.

Impact on the European market

This acquisition strengthens EPH’s position among the ten largest electricity producers in Europe. The group operates in nine countries, including the United Kingdom, France, and Germany. This geographic diversification underscores its strategy to expand within the European energy market, focusing on essential assets, particularly in the nuclear sector.

Geopolitical and financial context

The transaction takes place in an energy landscape marked by major reorganizations, where players like Enel are divesting from certain markets to streamline their asset portfolios. By targeting these acquisitions, EPH increases its influence while taking on significant financial commitments. This calculated risk highlights the group’s intent to solidify its role in the market while addressing geopolitical and economic challenges.

  • Populaires ​
Global microgrid market to reach 191 billion dollars by 2033
Wood Mackenzie forecasts $1.35 trillion for CCUS and carbon credits markets
Google signs world’s first fusion energy purchase agreement
France Officially Launches Its First Floating Wind Farm in the Mediterranean
Brno rejects EDF lawsuit over Czech nuclear contract
World Bank resumes nuclear financing after decades of absence
After several decades without funding nuclear projects, the World Bank has formed a strategic partnership with the IAEA to provide technical and financial support to countries integrating nuclear energy into their energy strategies.
Seoul approves definitive decommissioning of South Korea’s first nuclear reactor
South Korea's Nuclear Safety and Security Commission officially validates the decommissioning of reactor number one at the Kori plant, initiating an unprecedented project for the national industry scheduled to last until 2037.
EnCore Energy raises uranium output and hails Texas nuclear reforms
Uranium producer enCore Energy surpasses three thousand pounds per day at its Alta Mesa ISR complex and sees three new Texas laws as a strong signal for faster nuclear production permits.
IAEA Confirms Concerns About Iranian Enriched Uranium Stockpile
The International Atomic Energy Agency expresses concerns over Iran’s enriched uranium stockpiles following the abrupt suspension of inspections at key sites disrupted by recent attacks whose consequences remain uncertain.
India: NPCIL extends deadline to September 30 for BSR reactor proposals
NPCIL has announced an extension until September 30 for industrial proposals concerning Bharat Small Reactors (BSR), following increased interest from the Indian private sector.
EDF anticipates immediate reduction in nuclear output amid heatwave
Facing rising temperatures, EDF anticipates cuts in nuclear production starting early July, primarily due to thermal constraints on rivers used for cooling the power plants.
Fortum selects Westinghouse to study an AP1000 reactor in Finland
The preliminary agreement launches planning and site assessment for a tailored AP1000 reactor, following two years of feasibility study, and enlists Westinghouse and Hyundai to support Fortum’s regional nuclear expansion.
United States: Unprecedented firing of nuclear regulator sparks intense controversy
Donald Trump's unprecedented decision to dismiss Christopher Hanson, a member of the NRC, provokes outrage among former federal officials and raises concerns over the regulatory independence of the U.S. nuclear sector.
Uranium Energy Corp acquires 170 million shares of Anfield Energy Inc.
Uranium Energy Corp strengthens its position in Anfield Energy Inc., now holding approximately 32.4% of the company’s shares following an investment of CAD19.55mn ($14.82mn), significantly expanding its strategic influence in the uranium market.
New York launches major nuclear project to secure its energy supply
New York State plans an advanced nuclear power plant with a 1-gigawatt capacity to meet long-term energy and economic goals, involving significant investment to enhance regional energy independence.
Orano challenges Niger’s decision to nationalize mining company SOMAÏR
Niger announces its intention to nationalize SOMAÏR, a mining company jointly owned with Orano, provoking strong opposition from the French company and paving the way for further international legal tensions.
Russia and Mali Sign Trade Agreements and Target Nuclear Energy
Russia strengthens its economic presence in Mali with new agreements, notably in nuclear energy and gold refining, consolidating strategic cooperation within a rapidly evolving geopolitical context.
United States releases additional $100 mn to restart Palisades Nuclear Plant
The US government grants a fourth payment of $100.45 mn to Holtec International to restart the Palisades Nuclear Plant, pending regulatory approval, marking an unprecedented event in the United States.
EDF secures £4.5 billion from Apollo to finance Hinkley Point C
EDF announces a major agreement with Apollo to raise up to £4.5 billion via bonds to finance the British nuclear project Hinkley Point C, whose costs continue to rise significantly.
France: Anne-Isabelle Étienvre Proposed by Élysée to Head the CEA
The Élysée proposes Anne-Isabelle Étienvre, current Director of Fundamental Research at the CEA, as General Administrator to replace François Jacq, recently appointed President of CNES.
Greece Considers Modular Reactors to Decarbonize its Maritime Industry
Greek Prime Minister Kyriakos Mitsotakis has announced his country's interest in small modular nuclear reactors to meet national energy challenges and decarbonize the maritime sector within the next fifteen years.
TerraPower raises $650 million with NVIDIA for modular reactors
TerraPower, an American nuclear company, secures $650 million funding from investors, including NVIDIA, to develop its Natrium modular reactors in the United States and internationally.
EDF and the French State Agree on €70 Billion Plan for EPR2
EDF and the French state finalize a €70 billion financing plan for six EPR2 nuclear reactors, including a specific territorial coordination framework in Gravelines led by Michel Marbaix, awaiting European approval by 2026.
Newcleo and Nextchem launch joint venture focused on modular nuclear reactors
Maire S.p.A and Newcleo form strategic partnership to industrialise the development of 200 MW modular nuclear power plants, via a joint venture majority-owned by Nextchem.
Four European organisations join forces to develop innovative nuclear reactor
A new European consortium launches the design of a small lead-cooled modular reactor, targeting global commercialisation by 2039, with a demonstration scheduled as early as 2035.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS