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TotalEnergies, Kretinsky’s EPH to Team Up in $5.9 Billion Power-Generation Deal

As a result of the deal, TotalEnergies is lowering its annual net capital-expenditure guidance by 1billionayear.christophearchambault/AgenceFrancePresse/GettyImagesTotalEnergiesisbolsteringitspowergenerationbusinesswithanearly1 billion a year. - christophe archambault/Agence France-Presse/Getty Images TotalEnergies is bolstering its power-generation business with a nearly 6 billion investment in a joint venture with Czech utility EPH. The 5.1 billion-euro ($5.93 billion) transaction will expand the French energy major’s generation assets, adding half of Daniel Kretinsky-led Energeticky a Prumyslovy Holding’s platform of gas, bi ...