The Estonian government plans to split the state-owned energy group, Eesti Energia, into three separate companies, Finance Minister Mart Võrklaev announced, ERR reports. He said that the plan was to list shares of network operator Elektrilevi and renewable energy producer Enefit Green on the stock exchange. However, Võrklaev said that he was no longer in…
Estonia’s state-owned energy group, Eesti Energia, reported sales revenue of EUR 416.1mn in the second quarter of 2023, which was almost unchanged from EUR 416.6mn a year earlier. Revenue outside Estonia accounted for 63% of total sales. The group’s quarterly adjusted EBITDA stood at EUR 115.7mn (up 45.0%) and adjusted net profit at EUR 50.6mn…
Estonia’s Ministry of Climate has proposed ending universal electricity service contracts automatically, ERR reports. Under the proposal, customers with universal service would be switched automatically to state-owned energy group Eesti Energia’s general service if the average market price of electricity remains below the universal service price for three consecutive months. Eesti Energia’s general service would…
Estonia’s state-owned energy group, Eesti Energia, produced a record 252,461 tonnes of shale oil in the first half of 2023, which was up 20% from the same period of 2022, ERR reports. The company has three shale oil plants and is building a fourth one. Eesti Energia expects its annual shale oil production to reach…
The Estonian government has transferred 12 state-owned enterprises under the management of the new Ministry of Environment, ERR reports. The companies were previously managed by the Ministry of Economic Affairs and Communications. The Ministry of Environment will manage Eesti Raudtee, Elering, Elron, Nordic Aviation Group (Nordica), Operail, Port of Tallinn, Rail Baltic Estonia, Saarte Liinid,…