Eesti Energia Ditches Plant Expansion for Shale Oil ({{commentsTotal}})

Business
Business

State-owned energy giant Eesti Energia's board will cancel plans to build a second boiler unit for a Narva power plant today.

The company's CEO, Sandor Liive, told Postimees today that they will not go forward with the 640-million euro plan of adding a second block, which would double the capacity of the Auvere plant to 600 megawatts.

Liive said they will concentrate on more lucrative shale oil production, which also produces electricity as a byproduct, and the company hopes to increase shale oil production by 10-fold by 2025, with Liive adding that producing shale oil doubles the amount of energy extracted from oil shale rock, compared to producing only electricity.



{{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.