Eesti Energia aiming to pay less dividends as energy prices drop

Photo: ERR
11/23/2015 2:51 PM
Category: Politics

State-owned energy giant Eesti Energia wants to pay the state 62 million euros in dividends this year, instead of the planned 95 million.

The Ministry of Finance told ERR that energy prices are low and better finances would help the company meet requirements set by lenders.

The move would help the company keep finances balanced if energy prices drop further.

The plan would need government approval. Eesti Energia is the highest dividend payer of all state-owned companies and it could receive a green light for its idea as the state has collected more tax this year than predicted, meaning that the budget is more balanced.

J.M. Laats

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