EP Infrastructure
 | This article needs more citations. (September 2026) |
| Formerly | CE Energy, a.s. |
|---|---|
| Type | Private |
| Industry | Energy infrastructure |
| Founded | December 6, 2013 |
| Headquarters | , Czech Republic |
| Key people | Daniel Křetínský (chairman) |
| Revenue | €3.115 billion (2025)[1] |
| Total assets | €11.804 billion (2025)[1] |
| Owner |
|
| Website | www |
EP Infrastructure, a.s. (EPIF) is a Czech energy infrastructure company headquartered in Prague. Its activities include natural gas transmission and storage, gas and electricity distribution, and district heating, mainly in Slovakia and the Czech Republic.[1]
The company was established in 2013 as CE Energy and renamed EP Infrastructure in 2016, when Energetický a průmyslový holding (EPH) reorganised its infrastructure businesses under the company.[2] EPH owns 69% of EPIF, while the remaining 31% is held by a consortium of institutional investors managed by Macquarie Asset Management.[1]
History
[edit]EP Infrastructure was incorporated in December 2013 as CE Energy. In 2016, it was renamed EP Infrastructure and became the holding company for EPH's infrastructure businesses.[2]
In October 2016, EPH agreed to sell a stake to a consortium led by Macquarie Infrastructure and Real Assets.[3] The transaction was completed in 2017, leaving EPH with 69% and the investor consortium with 31%.[1]
EPIF later reduced parts of its heating and power generation portfolio. In 2020, it sold Pražská teplárenská and its interest in Budapesti Erőmű to Veolia.
The end of Russian gas transit through Ukraine at the beginning of 2025 significantly reduced flows through Eustream. EPIF's gas transmission adjusted EBITDA fell from €413 million in 2024 to €171 million in 2025, while transported volumes declined from 17.8 billion to 4.9 billion cubic metres.[4][1]
Operations
[edit]Gas and electricity distribution
[edit]In Slovakia, the group is active in gas distribution through SPP-distribúcia. S&P Global describes it as Slovakia's monopoly gas distribution system operator.[5] EPIF also holds a 49% stake in Stredoslovenská distribučná, one of Slovakia's three regional electricity distribution operators.
Gas and electricity distribution was EPIF's largest segment in 2025, generating €572 million in adjusted EBITDA.[1]
Gas transmission
[edit]Its gas transmission activities are conducted through Eustream, which operates Slovakia's high-pressure gas transmission network.[6] The network historically formed part of a major route carrying Russian gas through Ukraine to Central and Western Europe.
After Russian gas transit through Ukraine ended at the beginning of 2025, flows through Slovakia declined substantially.[7]
Gas storage
[edit]EPIF operates natural gas storage businesses in Slovakia, the Czech Republic and Germany. Its main storage businesses include NAFTA, POZAGAS, SPP Storage and NAFTA Speicher.[1]
Heat infrastructure
[edit]In the Czech Republic, EPIF is also active in district heating. However, its heating portfolio has been reduced over time through asset sales and transfers within the wider EP Group.
See also
[edit]References
[edit]- 1 2 3 4 5 6 7 8 Annual Financial Report 2025 (PDF) (Report). EP Infrastructure. 23 March 2026. Retrieved 19 September 2026.
- 1 2 Kenety, Brian (12 April 2016). "Czech/Slovak energy group EPH to float infrastructure unit". bne IntelliNews. Retrieved 19 September 2026.
- ↑ "Macquarie takes 30% stake in CEE infrastructure energy network". IPE Real Assets. 17 October 2016. Retrieved 19 September 2026.
- ↑ "Slovak gas pipeline operator's owner posts H1 earnings drop after gas flows halted". Reuters. 3 September 2025. Retrieved 19 September 2026.
- ↑ "Slovak Gas Distribution Company SPP–Distribucia A.S." S&P Global Ratings. Retrieved 19 September 2026.
- ↑ "Central Europe gas flows adjusted after Ukraine transit ends". Reuters. 6 January 2025. Retrieved 19 September 2026.