Eesti Energia Said to Be on Verge of Jordan Deal ({{commentsTotal}})


Eesti Energia may shortly announce a deal with investors that will allow it to build an oil shale plant and mine in Jordan, said a daily.

CEO Sandor Liive and the company's spokesperson would not give official comment, but chairman of the supervisory board Jüri Käo told Postimees that new developments will be discussed on Thursday at the board's meeting.

Käo said a construction and engineering tender is currently in its final phases and a preliminary agreement with investors is being signed.

Eesti Energia's own investment in Jordan will amount to 30 million euros, which it has said it hopes to recoup through a profitable venture.

The company's fluidized bed combustion system is billed as one of the most efficient ways of utilising the organic matter in oil shale. Jordan has one of the world's largest deposits, albeit of a different variety than the kind found in Estonia.

+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.

Ermamaa: The fine art of passing the buck

Admit nothing, blame everyone: those most closely involved in the Ermamaa case don’t need arguments, writes ERR News editor Dario Cavegn.