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The Independent UK
The Independent UK
Business
Alex Daniel

Kretinsky’s UK gas power plants made bumper profit after energy crisis

South Humber Bank power station is owned by Daniel Kretinsky’s EP UK Investments (Alamy/PA) -

The Czech billionaire planning to buy Royal Mail saw a second year of large profit from his gas-fired power stations in England, after a period of soaring energy prices caused by Russia’s invasion of Ukraine.

Daniel Kretinsky’s gas power plant near Hull brought in £141 million of pre-tax profit last year, following a period of “exceptionally high” commodity prices caused by the war, according to accounts filed this month.

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