International Internet Magazine. Baltic States news & analytics
Sunday, 22.01.2017, 14:13
f the listed Estonian electrical equipment maker Harju Elekter accepted Indian Motherson Sumi's offer for PKC shares it would earn 25.8 mln euros from the transaction, reports LETA/BNS.
Keyword tags: Energy, Estonia, EU – Baltic States, Financial Services, Good for Business, Industry
Morocco might be interested in the knowhow of oil shale studies and services of the Estonian state-owned energy company Eesti Energia, and it is possible that the company would also sell the Enefit technology to the country to process oil shale, reports LETA/BNS.
As Poland trims the projected Gas Interconnector Poland-Lithuania ( GIPL ) and postpones of the overall project implementation for two years, Lithuania will receive additional 3 mln euros in support from European Union (EU), which will put the total support at 58 mln euros, informs LETA/BNS.
– Some 1.997 terawatt-hours (TWh) of electricity was generated from renewable resources in Lithuania in 2016, up by 23.4 % from, 1.602 TWh, in the year before, the Lithuanian Wind Power Association said on Wednesday, citing power transmission system operator Litgrid reports LETA/BNS.
If the planned railway electrification project affects budget resources, the project might be suspended, said Latvian Prime Minister Maris Kucinskis (Greens/Farmers) in an interview with commercial LNT television on Wednesday, writes LETA.
A Treasury loan might be one way to increase Latvijas Dzelzcels (Latvian Railways) rail company’s share capital so that it can finance the railway electrification project, Transport Minister Uldis Augulis told LETA today.
The Latvian government supports the Lithuanian position to demand the highest security standards at the Astravyets nuclear power plant under construction in Belarus, however, does not consider any laws to restrict electricity imports from the utility, says LETA/BNS Latvia's Foreign Minister Edgars Rinkevics.
Prices in the Lithuanian electricity market remained almost unchanged last week from the previous week thanks to increased wind power output and Swedish electricity imports, Litgrid said LETA/BNS on Monday.
As the Baltic states ready to disconnect from the Russian BRELL electricity ring and synchronize its grids with Western Europe, tests will be conducted to check whether Lithuania, Latvia and Estonia can operate in an isolated regime. A trial study for the tests will be drafted by international consultative company Tractebel Engineering by September, writes LETA/BNS.
Latvia and Lithuania "speak with one voice" when it comes to issues of synchronization of the Baltic power grids with Poland, Prime Minister Saulius Skvernelis said LETA/BNS.
Oil extraction companies working in western Lithuania extracted 77,370 cubic meters of crude last year, down by 15% from 2015. This was due to depleting crude resources in the deposits, says Jonas Satkunas, the head of the Geology Service LETA/BNS.
Volumes on the Nordic and Baltic day-ahead market of the Nord Pool power exchange last year totaled 391 terawatt-hours which is a new record, while in 2015 the volumes totaled 374 TWh, writes LETA/BNS.
According to Estonian Finance Minister Sven Sester the government's decision to hand over the Tootsi wind farm plot to the state-owned energy group Eesti Energia corresponds with the current laws, reports LETA/BNS.
Lithuanian Energy Minister Zygimantas Vaiciunas says that it is possible to secure funding for the Ignalina Nuclear Power Plant's closure in the EU's new financial framework, but that will require huge efforts, writes LETA/BNS according to the business daily Verslo Zinios reported on Monday.
The power interconnections NordBalt and LitPol Link launched in 2016 have pulled down the average electricity price in Lithuania, says Daivis Virbickas, CEO of the power transmission system operator Litgrid said LETA/BNS.