Energy

International Internet Magazine. Baltic States news & analytics Sunday, 22.01.2017, 20:19

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Estonian Harju Elekter stands to make EUR 25.8 mln from sale of PKC shares

Estonian Harju Elekter stands to make EUR 25.8 mln from sale of PKC shares

20.01.2017

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



Estonia's Eesti Energia might sell oil shale technology to Morocco

Estonia's Eesti Energia might sell oil shale technology to Morocco

19.01.2017

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.

Poland's trimming of GIPL route to give Lithuania additional EUR 3 mln in EU support

Poland's trimming of GIPL route to give Lithuania additional EUR 3 mln in EU support

18.01.2017

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.


Record amount of power generated from renewable resources in Lithuania in 2016

Record amount of power generated from renewable resources in Lithuania in 2016

18.01.2017

– 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.

Railway electrification project in Latvia could be suspended if it affects budget

Railway electrification project in Latvia could be suspended if it affects budget

18.01.2017

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.


17.01.2017

Latvijas Dzelzcels rail company might take Treasury loan for electrification project

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.

16.01.2017

We grasp Lithuania's concerns about Astravyets, don't plan embargo laws - Latvian minister

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.

16.01.2017

Wind power and Swedish electricity keep prices in Lithuanian market stable

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.

16.01.2017

Details of isolated operation of Baltic energy system expected in fall

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.

13.01.2017

Latvia favors power grid synchronization via Poland

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.

12.01.2017

Crude extraction in Lithuania down 15% to 77,000 cubic meters in 2016 y-o-y

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.

12.01.2017

Nord Pool reaches record volumes in Baltic and Nordic countries in 2016

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.

11.01.2017

Handover of Toosi wind farm plot is lawful

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.

09.01.2017

Securing funds for Lithuanian N-plant closure to require huge efforts

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.

04.01.2017

NordBalt and LitPol Link interconnections cut 2016 electricity price in Lithuania

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.

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