International Internet Magazine. Baltic States news & analytics
Wednesday, 24.08.2016, 19:11
The government today approved the route of the high-voltage power line from the Estonian town of Sindi to Riga 2nd thermal power station, reports LETA.
Keyword tags: Cooperation, Energy, Energy Market, Estonia, EU – Baltic States, Latvia, Markets and Companies
Gas tariffs will inevitably climb after Latvijas Gaze natural gas utility is split up, Juris Savickis, vice-chairman of the Latvijas Gaze supervisory board and head of Itera Latvija, the gas importer which holds a 16% stake in the gas company, said in an interview with LNT on Monday cites LETA.
The manufacturer of wind turbines Eleon is about to set up a wind turbine control and software development center at Salme on Saaremaa island as part of its plan for the establishment of a manufacturing business that would build up to 60 new turbines every year, the regional newspaper Meie Maa said, cites LETA/ BNS.
Litgrid has connected a 60-megawatt, 24-turbine wind farm of 4energia, a subsidiary of Estonia's Nelja Energia, to the country's power transmission grid, writes LETA/BNS.
The average price of electricity in Nord Pool Spot's Lithuanian bidding area jumped by one-fourth last week from a week ago to reach 40.4 euros per megawatt-hours (MWh), Litgrid said on Tuesday, reports LETA/BNS.
Households in Latvia are still paying the highest electricity bills in the Baltic states, Enefit, the Latvian subsidiary of Estonian energy company Eesti Energia, informed LETA.
The new electricity distribution rates of the Sadales Tikli electricity distribution company come into force today, introducing fixed subscription fees for all electricity consumers, writes LETA.
The Estonian transmission system operator Elering is to announce this fall the construction tenders for building the Estonian section of the third Estonian-Latvian power connection and the final decision is to be made next spring, reports LETA/BNS.
Lithuanian Energy Minister Rokas Masiulis supports the idea of building a second power interconnection with Sweden and says that although Lithuania has experience in developing such a project, it would discuss the location of the NordBalt 2 cable with Latvia, writes LETA/BNS.
After the Belarusian Energy Ministry confirmed an "extreme situation" during the construction of the Astravyets Nuclear Power Plant close to the Lithuanian border, a Lithuanian nuclear energy expert maintains it was a serious incident and does not rule out that the utility might need a new body of the reactor, reports LETA/BNS.
The NordBalt power interconnection between Lithuania and Sweden that went offline on Tuesday evening will be in repairs until late hours of Friday, reports LETA/BNS.
In preparation for synchronization of the electricity networks of the Baltic states and continental Europe, Lithuania's electricity transmission system operator Litgrid has announced a tender for a study of the second interconnection with Poland, LitPol Link, writes LETA/BNS.
Polish-owned Lithuanian oil company Orlen Lietuva said on July 21st that its first-half net profit in 2016 dropped by 12% year-on-year to 128 million US dollars (EUR 116.23 mln), attributing the decline to lower market and refining margins, reported LETA/BNS.
There will be no concessions regarding natural gas market liberalization and unbundling of Latvijas Gaze natural gas utility, Latvian Prime Minister Maris Kucinskis told the press after the meeting with Latvijas Gaze CEO Aigars Kalvitis on Tuesday, reports LETA.