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 electricity distribution system operator, Elektrilevi, plans to double investments in its networks to EUR 1bn over the next five years, ERR reports. Also, the state will invest around EUR 13mn in making the electricity infrastructure on the islands of Hiiumaa, Muhu, and Saaremaa more weather resistant. Elektrilevi will invest EUR 4mn to replace over…
Data available on state financial support to Estonian companies are incomplete and thus less usable, according to an analysis by the National Audit Office (Riigikontroll), ERR reports. Märt Loite, auditor general at Riigikontroll’s analysis department, sent a note to Finance Minister Mart Võrklaev (Reform), highlighting concerns regarding the integrity and usability of the data. In…