Elektrilevi Weighing €850 Million Investment ({{commentsTotal}})

Business
Business

Elektrilevi, the nation's power distribution system operator, is discussing a 850 million euro investment that would make a majority of power lines weather-proof six years before the initial deadline in 2025.

Delfi reported today that a number of board members at the company favor stepping up investments from the current annual 100 million euros.

Only 15 percent of power lines were weatherproof in 2000, and that figure has increased to 50 percent this year, if the 850 million investment is approved, that figure would leap to 75 percent by 2019 and 87 percent by 2025.

Head of Elektrilevi, Tarmo Mere, said that he does not support the idea, as the company's loan credit is already maxed out and the scheme would mean a price increase for consumers, adding that large part of the system would have to be changed at the same time in 50 years, when it becomes antiquated.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{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
{{comment.captcha.word.answer}}

news.err.ee

Opinion
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.