The envisaged sale of Vattenfall’s East German lignite assets to EPH has raised many questions about the sustainability of open-cast lignite mining and power generation. It has also shone a spotlight on the prospective new owner.
EPH is a fast-growing privately owned utility based in the Czech Republic with a risky business model that might end up costing the German taxpayer dearly.
As a vertically integrated energy company, EPH’s portfolio contains power and heat generation, electricity and gas sales, trading and distribution, as well as lignite mining assets. EPH owns the Eustream gas transmission grid, which carries natural gas from Russia …read more
Source: Heinrich Boell Foundation