Energy

International Internet Magazine. Baltic States news & analytics Sunday, 29.03.2020, 09:37

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Estonian govt greenlights Eesti Energia's new oil plant plan

Estonian govt greenlights Eesti Energia's new oil plant plan

27.03.2020

The Estonian government has authorized Minister of Finance Martin Helme to increase the equity capital of state-owned energy company Eesti Energia by means of a cash contribution of 125 million euros to enable the establishment of a new Enefit 280 oil plant by Eesti Energia, reported LETA/BNS.

Keyword tags: Construction, Energy, Energy Market, Estonia, Good for Business, Investments, Oil



Lithuanian energy companies continue strategic projects, manage risks

Lithuanian energy companies continue strategic projects, manage risks

26.03.2020

There are no disruptions in Lithuania's energy sector after the country was placed under quarantine due to the new coronavirus, and energy projects are being smoothly implemented, the energy minister and executives of the power and gas transmission operators say, reported LETA/BNS.

Gas imports to Lithuania up 44%

Gas imports to Lithuania up 44%

24.03.2020

Gas imports to Lithuania rose almost 44 percent in the second half of last year, from the same period in 2018, despite the fact that gas consumption in the country dropped by a tenth, the latest figures from Lithuania's National Energy Regulatory Council show writes LETA/BNS.


Estonia: Adven will design Porto Franco's environment-friendly renewable energy solution

Estonia: Adven will design Porto Franco's environment-friendly renewable energy solution

24.03.2020

Porto Franco, one of the largest real estate projects ever implemented in Estonia which will cost approximately 190 million euros, struck an agreement with Adven, provider of energy solutions, as a result of which the entire cooling system of Porto Franco will be based on renewable energy, informed Porto Franco OÜ representatives.

Electric power generation in Latvia up 15.1% in two months

Electric power generation in Latvia up 15.1% in two months

20.03.2020

In January-February 2020, Latvia generated 1,233 gigawatt-hours (GWh) of electric power, up 15.1% against the same period last year, according to an electricity market review released by Augstsprieguma Tikls transmission system operator, informed LETA/BNS.


13.03.2020

Over 100,000 household remain without power in Lithuania due to strong winds

Over 100,000 households across Lithuania were still without power on Friday morning due to strong winds, the country's power distribution company Energijos Skirstymo Operatorius (ESO) said LETA/BNS.

09.03.2020

Lithuania's avg wholesale electricity falls 11% w-o-w - Litgrid

Lithuania's average wholesale electricity price dropped by 11% last week compared with a week earlier, Litgrid said on Monday.

06.03.2020

Estonia: Fermi Energia exploring Tostamaa as potential location for N-plant

Fermi Energia, an Estonian company exploring the possibility to set up a small modular nuclear plant of up to 300 megawatts in Estonia, is looking at the region of Tostamaa as one potential location for the would-be power plant, according to the Parnu Postimees articles writes LETA.

03.03.2020

EBRD set to exit Lithuania's E Energija, General Electric to invest in its wind project

The European Bank for Reconstruction and Development (EBRD) is set to exit E Energija, a Lithuania-based energy group, but is ready to lend money for its green energy projects, according to the Verslo Zinios information reported LETA/BNS.

03.03.2020

Mayor: Vilnius increases arbitration claim against Veolia to EUR 560 mln

Vilnius Municipality and the municipal heat supply company Vilniaus Silumos Tinklai (VST) are seeking 560 mln euros from France's Veolia, a former operator of the Lithuanian capital's heating sector, in their Stockholm arbitration dispute, up from the previously announced amount of over 400 mln euros, informed LETA/BNS.

03.03.2020

Lithuania's wholesale electricity price soars 41% w-o-w - Elektrum Lietuva

Lithuania's average wholesale electricity price surged by 4 % last week from a weak earlier to 33.1 euros per megawatt-hour (MWh), Elektrum Lietuva said.

02.03.2020

Two firms to build 50 wind turbines in Lithuania's Akmene district

Vejo Parkai, a company owned by Enefit Green, a subsidiary of Estonia's Eesti Energia, and foreign-owned Windfarm Akmene One are planning to build a total of around 50 wind turbines with a total capacity of almost 300 megawatts (MW) in the northern Lithuanian district of Akmene, informed LETA/BNS.

28.02.2020

Eesti Energia's net profit EUR 23.2 mln in 2019

The total revenue of Estonia's state-owned energy generating and distribution group Eesti Energia in 2019 hit an all-time high of almost 1.02 bin euros, marking the first time that the group's annual revenue has crossed the one billion euro mark, while net profit fell 78% to 23.2 mln euros, informed Eesti Energia`s representative.

28.02.2020

Natural gas distribution system operator Gaso posts EUR 10.4 mln in preliminary 2019 profit

Natural gas distribution system operator Gaso turned over EUR 52.687 mln in 2019, which is about as much as a year before, while the company's profit declined 4.6% to EUR 10.465 mln, according to the company's unaudited financial statements, informed LETA.

27.02.2020

Estonian minister: Energy sector must be transformed responsibly

Estonia's Minister of Economic Affairs and Infrastructure Taavi Aas said at a meeting of European Union ministers responsible for competition on Thursday that while the energy sector must change, people's jobs and the security of supply of energy must not suffer, reported LETA/BNS.

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