Energy

International Internet Magazine. Baltic States news & analytics Friday, 20.10.2017, 22:54

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Estonian government approves energy sector development plan until 2030

Estonian government approves energy sector development plan until 2030

19.10.2017

The Estonian government on October 19th finally endorsed the national development plan of the energy sector until 2030, according to which Estonia should have by 2030 a functioning open and free fuel and electricity market and the country's power system should be in the European Union frequency range, informs LETA/BNS.

Keyword tags: Energy, Estonia, Financial Services, Legislation



Orlen Lietuva nets EUR 140 mln in profit in Q1-3

Orlen Lietuva nets EUR 140 mln in profit in Q1-3

19.10.2017

Polish-owned Lithuanian oil company Orlen Lietuva posted a net profit of 140.8 million euros (USD 165.4 mln) for the first nine months of 2017, up 16%, from 120.9 million euros (USD 142.1 mln), a year ago, reports LETA/BNS.

Lithuania's BOD Group with Norwegians to take part in EUR 2.5 bln project in Iran

Lithuania's BOD Group with Norwegians to take part in EUR 2.5 bln project in Iran

19.10.2017

Lithuania's renewable energy and high-technology company BOD Group will join a Norwegian company Saga Energy in a 2.5-billion-euro project to build solar power plants in Iran, informs LETA/BNS.


Latvenergo named Latvia's most valuable company for the 10th time

Latvenergo named Latvia's most valuable company for the 10th time

18.10.2017

Joint-stock power utility Latvenergo has been named Latvia's most valuable company for the tenth time, writes LETA, according to Prudentia and Nasdaq Riga's annual ranking of Latvia's most valuable companies.

Rigas Siltums will help its 230 employees to find new jobs

Rigas Siltums will help its 230 employees to find new jobs

18.10.2017

Rigas Siltums heating company will help its 230 employees that the company has to fire to find new jobs, said the company’s board chairman Normunds Talcis in an interview with the Latvian public radio on Wednesday, cites LETA.


18.10.2017

Veolia files claim against Vilnius Energy at Stockholm arbitration

Veolia, a French concern that withdrew from the Vilnius heating sector last spring, along with its company Vilniaus Energija (Vilnius Energy) have filed a suit against the municipality and the municipal company Vilniaus Silumos Tinklai (Vilnius Heating Network, VST) with the Stockholm arbitration, writes LETA.

18.10.2017

Achemos Grupe expects loans from European banks

Achemos Grupe (Achema Group), one of Lithuania's largest business conglomerates, expects securing large loans from European banks for new acquisitions and investments in Klasco stevedorer and other companies in the group, says CEO Audrius Bendaravicius, cites LETA/BNS.

18.10.2017

Estonian official: nobody objecting to EU’s CO2 limit on power plant subsidies

The European Commission's proposal for a carbon dioxide limit on power plant subsidies is supported by the Council of Ministers, and now the issue is more how it can be managed, Estonia's chief energy official told Euractiv, reports LETA/BNS.

18.10.2017

2nd Shell vessel arrived in Klaipeda port

Cardissa, a small gas carrier of one of the world's largest gas trading companies Shell, arrived in the Lithuanian port city of Klaipeda on October 17h, informs LETA/BNS.

17.10.2017

Riepu Bloki appeals EUR 12.9 mln fine imposed by State Environmental Service

Riepu Bloki company has appealed a EUR 12.9 million fine imposed by the State Environmental Service for storing in Riga huge amounts of used tires well above the permitted limit, LETA was told at the Liepaja courthouse of Administrative Regional Court.

17.10.2017

Fortum tops list of recipients of renewable energy subsidy in September in Estonia

Companies of Fortum Eesti, a holding of the Finnish Fortum Power and Heat OY energy group, were the biggest recipients of renewable energy support and high-efficiency cogeneration support in Estonia in September, receiving altogether 1.5 million euros, writes LETA/BNS.

16.10.2017

Energy independence: is Lithuania getting away with state aid?

The EU says Lithuania can levy funds from gas consumers to finance its own energy companies. Achema, Lithuania’s largest consumer, disagrees. The European Commission and the European Court of Justice are currently considering state aid complaints against Lithuania. The outcome could have repercussions for every gas consumer in the country and massive ramifications for one company in particular.

13.10.2017

Latvian ambassador to UN: Russia's violation of Budapest memorandum weakened trust

Russia’s violation of the Budapest memorandum, which provided security guarantees to Ukraine, has seriously weakened trust in nuclear disarmament efforts, Latvian Ambassador to the UN Janis Mazeiks said during a UN debate on nuclear disarmament, reports LETA.

13.10.2017

Ignalina NPP gets go-ahead for tests of radioactive waste storage complex

Lithuania's State Nuclear Power Safety Inspectorate (VATESI) has given a green light to the Ignalina Nuclear Power Plant (NPP), which is no longer operational, to start hot tests of the radioactive waste sorting and storage complex, reports LETA/BNS.

13.10.2017

Polish ambassador: consultations in progress on Lietuvos Gelezinkeliai case

Consultations are currently in progress on settlement of the dispute between Orlen Lietuva, a concern operated by Poland's PKN Orlen, and Lietuvos Gelezinkeliai (Lithuanian Railways, LG) after the European Commission imposed a large fine on the state-run railway company for removed tracks, Poland's Ambassador to Lithuania Urszula Doroszewska said, cites LETA/BNS.

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