Czech Co. Gets Power Plant Stake In $173M NRG Unit Buy

Law360, New York (July 17, 2012, 5:59 PM EDT) -- Czech energy group Energeticky a Prumyslovy Holding, or EPH, snapped up a large minority stake in a 900-megawatt coal-fired German plant as part of its €141 million ($173.3 million) purchase of a NRG Energy Inc. subsidiary, EPH said Tuesday.

The acquisition of a stake in the Schkopau power plant, part of EPH's acquisition of NRG's wholly owned Saale Energie GmbH, pushes EPH's installed power capacity to nearly 1,500 megawatts. The deal builds on the company's 2009 acquisition of the 21 million-ton-per-year Mibrag mbH mining company, also...
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