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13.10 2016
Yesterday, Enefit Energy, subsidiary of Enefit, signed a contract with Amec Foster Wheeler to modify a Circulating Fluidized bed boiler so as to increase its capabilities to utilise retort gas for the generation of electricity and to reduce the environmental impacts of power production. More »
06.05 2016
May 6, 2016 - Attarat Power Company (APCO) announced that its shareholders Eesti Energia, YTL Power International Berhad (YTL) and Near East Investment (NEI) have signed an agreement to introduce a new shareholder Yudean Group (Yudean) to the project to develop an oil shale fired 554 MW (gross) power plant and mine in Jordan. Yudean has agreed to purchase 45% of the shares and YTL a further 15% of the shares with Eesti Energia stepping down to 10% and Near East Investments exiting the project. Following the completion of the share transfers which is subject to achieving full financial close APCO will be indirectly owned by Eesti Energia AS of Estonia (10%), YTL Power International Bhd of Malaysia (45%) and Yudean Group of China (45%). More »
20.04 2016
From 20–23 September, Estonia will be hosting an International Symposium “Oil Shale 100”. The symposium will connect resource holders, technology developers, researchers, government representatives and business leaders from across the world to celebrate a momentous anniversary in oil shale development - 100 years of oil shale mining in Estonia. The event is organized under the leadership of the world´s leading oil shale energy company Eesti Energia, Tallinn University of Technology, and the University of Tartu. More »
25.02 2016
The energy company’s turnover declined 12%, to EUR 777 million last year. Its operating profit before taxes was EUR 266 million, down 15% from the year before. Its net profit worked out to be EUR 40 million. More »
14.01 2016
Attarat Power Company (APCO) announced that it has signed agreements with Bank of China (BoC) and Industrial and Commercial Bank of China (ICBC) to provide debt funding for the construction of Jordan’s first oil shale fired power plant and the related open cast mine. The USD 1.623 billion debt financing will be provided on the basis of support by China Export & Credit Insurance Corporation (Sinosure). More »
30.10 2015
Eesti Energia sales revenues reached 171 million euros in the third quarter of 2015, decreasing by 13.3% compared to the same period in 2014. Alongside lower sales, Group EBITDA decreased by 9.3% to 67.3 million euros in Q3´2015 and net profit amounted to 31.3 million euros (-29.1% y-o-y). More »
31.07 2015
Revenue dropped in the second quarter due to the slump in energy markets; nevertheless, operating profit before depreciation and net profit of the group increased. More »