LEAG

LEAG Innovative Energy, a subsidiary of EP Corporate Group, has signed an agreement to acquire a 20% stake in LEAG from PPF Investments. The deal is subject to regulatory approvals and will result in EPH controlling 50%, PPF Investments 30%, and LEAG Innovative Energy 20% of LEAG.

Siemens Energy will build a 300 MW turnkey gas-fired power plant in Leipheim, Bavaria, for LEAG, to be used as special grid-related equipment for grid stability, with remote operation from Erlangen and a five-year O&M agreement.

LEAG and its project developer EPNE signed supply and maintenance contracts with GE Renewable Energy for up to 50 wind turbines of the 6-MW class for projects in Lusatia and eastern Germany.

LEAG acquired 100% of Gaskraftwerk Leipheim GmbH & Co. KG, a project company developing a 300MW gas turbine power plant in Leipheim, Germany. The plant is designed for grid stability.