"Energo-Pro Group" purchased 167 MW ten hydro power plants in Spain
Independent producer of electricity, Czech company "Energo-Pro" a.s. expands its activities in Galicia, Spain. The Company completed Xallas Electricidad y Aleaciones, S.A.U ("Xeal") and Feroe Ventures & Investments S.L.U. ("Feroe") acquisition of 100% equity capital of companies from leading global investment firm SIXTH STREET. This is one of the largest Czech investments in Spain. To finance the transaction, "Energo-Pro" a.s. received a loan of 300 million EUR from J.P. Morgan and Goldman Sachs. Xeal owns and operates ten hydro power plants with a capacity of 167 MW and two ferrosalloy plants.