EP Group Acquires German Lignite Power Plant

Daniel Křetínský’s EP Group, through its subsidiary EP Energy Transition, will take full control of the Lippendorf lignite power plant near Leipzig, Germany. Until now, EP Group, via its company LEAG, owned Block R. It is now acquiring the remaining Block S from Energie Baden-Württemberg AG.

With the acquisition, EP Group gains control over the entire plant, which has an installed capacity of 1,866 MW—comparable to the output of the Dukovany nuclear power plant. Although the newly acquired Block S has not been in operation since 2019, both units are expected to remain operational until 2035. EP Group may leverage synergies with coal mines owned by its subsidiaries to supply the plant.

The facility is located just a few kilometers from two lignite mines operated by MIBRAG. These mines extract up to 17 million tonnes of coal annually, fully covering the plant’s needs. Alternatively, coal may be sourced from LEAG’s mines, which have been fully owned by EP Group since March this year (previously, the PPF Group held a 30% stake). LEAG’s mines in the German part of Lusatia extract up to 47 million tonnes of lignite per year.

In the previous year, EP Group reported revenues of €23.3 billion and EBITDA of €2.5 billion. Energie Baden-Württemberg, a German energy company, supplies electricity and gas to 5.5 million customers across Western Europe. In the first quarter of 2025, it reported revenues of €9.95 billion and EBITDA of €1.62 billion. The parties have chosen not to disclose the transaction price.