Prices increased most in energy supply and mining

According to Statistics Estonia, in October 2009 the producer price index increased 0.1% compared to September and decreased 2.2% compared to October 2008.

In October compared to the previous month the producer price index was more than average influenced by the increase in prices in the manufacture of wood products and by the decrease in prices [...]

Copenhagen climate agreement to have positive effect on economy

According to Prime Minister Andrus Ansip, the Copenhagen climate agreement will have a positive effect on the economy as well, because the security of investors to utilise renewable energy on a wider scale will increase and, as a result, the need for state benefits will decrease in the long run.
“Today, security for investment into renewable [...]

Eesti Energia has highest market value among Estonian companies

The weekly Eesti Ekspress has published a list of 100 Estonian companies of the highest market value drawn up by Gild Bankers, with the Eesti Energia power utility at the top.
The Gild list puts Eesti Energia’s market value at 7.4 billion kroons (EUR 473 mln), 26% higher than last year.
On year, the total market value [...]

Estonian enterprises produced 1.5 times more wind power last year

According to Statistics Estonia, in 2008 Estonian enterprises produced 1.5 times more wind power and by a third more hydro power compared to 2007. Since 2005, electricity production from renewable sources has gradually increased.

Estonian enterprises produced 133 GWh wind power and 28 GWh hydro power in 2008. The remarkable rise in wind power production took [...]

Electricity export up 75 pct

Estonian electricity exports surged in June by 75% in comparison with the same month a year earlier to 261 gigawatt-hours, data by the national statistics office show.
Exports in the first half of 2009 totalled 1 320 GWh, an increase of 67% year on year.
Imports decreased by 39% in June to 110 GWh but six-month imports [...]

Renewable energy company doubles revenues

Estonian renewable energy developer and power producer Nelja Energia posted revenues of 30.4 million kroons (EUR 1.94 mln) for 2008 compared to 16.5 million kroons a year earlier.
The company last year earned a profit of 14.8 million kroons, up by 29% against 2007, the annual report shows.
More than 80% of the turnover was generated in [...]

Net profit of power company soars 180 percent

Net profit of Estonia’s national power company Eesti Energia in the first quarter of the 2009-2010 financial year ending in June soared 180.2% year on year to 337 million kroons (EUR 21.53 mln).
The three-month revenues totalled 2 284 million kroons and operating profit reached 451 million kroons, up by 4.8% and almost twofold, respectively, in [...]

Eesti Energia announces tender to build new units

Narva Elektrijaamad (Narva Power Plants), a subsidiary of the Estonian power utility Eesti Energia, has announced a tender to design and build a new oil shale-fired thermal power plant near the north-eastern city of Narva.
The autonomous thermal power plant to be built on free land of the existing Estonian Power Plant and in its immediate [...]

Electricity exports up 45 pct

Estonian power plants exported 180 gigawatt-hours of electricity in May, which was 45% more than in the same month last year, the statistics office reports.
Exports in the first five months of the year totalled 1 059 GWh, representing a year-on-year increase of 65%.
The volume of import of electric energy increased 46% year on year to [...]

The state separates the transmission network from Eesti Energia

Minister of Economic Affairs and Communications Juhan Parts set up a committee on Friday which will prepare the separation of the transmission network from AS Eesti Energia.
“We have set the objective of taking over the transmission system operator Elering OÜ (with the former name OÜ Põhivõrk) from Eesti Energia 100% to direct state ownership by [...]