Alexela Completes Kiviõli Oil Shale Plant Purchase ({{commentsTotal}})


Alexela Energia has finalized the purchase of the second half of Kiviõli Keemiatööstuse OÜ, operators of the Kiviõli Shale Oil plant, having bought the first half at the end of 2011.

The transaction was subject to approval by the Competition Authority and was in valued by Äripäev on Monday to be in the region of 40 to 50 million euros. The 2011 sale was worth slightly over 30 million euros.

Marti Hääl, a board member of Alexela Energia, said in March the plant has received 15 million euros in investments in the past two years and Alexela will now invest a further 55 million in the next five or six years.

The company, which also runs a oil shale mine, had a turnover of 35 million euros last year, earning 10 million in profit.
Alexela Energia is part of the Alexela Group, which also owns petrol station network Alexela.

+{{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

Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

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.