- 4 updates
Eggborough Power Station has been thrown a lifeline today after a European power firm stepped in to buy it.
The plant near Selby was feared to be under threat of closure in the next 18 months after failing to win government money to convert to biomass.
Today the area's MP has welcomed the buy-out. Michael Billington reports.
The MP for Selby says the "future looks bright" for Eggborough Power Station after a deal to sell the plant was announced today.
Union bosses also welcomed today's deal, saying any move to prolong the station's future was a good one.
Nigel Adams MP also said more details were needed about the buyer's intentions for the plant:
A leading workers' union has welcomed news that Eggborough Power Station had been sold to a European energy group.
Kevin Coyne from Unite says any move which prolongs the life of the plant is a positive one, but says he has not yet seen the details of the deal.
Eggborough Power Station in North Yorkshire has been sold to a European energy group, its owners have announced.
Energetický a Prumyslový Holding (“EPH”), a company operating mostly in the Czech Republic, Germany and Slovakia has completed the purchase subject to approval by the European Commission.
Eggborough employs around 300 people and supplies 4 per cent of power in the UK.
The companies in the EPH group employ more than 10,000 people. EPH’s generating plants. This transaction marks EPH’s first acquisition in, and entry into, the UK market.