The Chairman of the Supervisory Council of Eesti Energia, Mr Erkki Raasuke, has informed the company's Management Board that he intends to stand down from his current position as Chairman and Member of the Supervisory Council of Eesti Energia. Mr Raasuke will take on a new position in the financial sector, which prevents him from fulfilling any management duties in another company.
Enefit Energiatootmine AS (fully owned subsidiary of Eesti Energia Group) has reached on November 3, 2016 a settlement with GE (including Alstom Estonia AS, GE Power Sp.z o.o and Alstom Power Systems) regarding the new Auvere power plant. The plant was due to be handed over to Eesti Energia by GE in November 2015 but acceptance has been delayed because the plant does not fully comply with emissions standards.
Sales revenues of Eesti Energia Group totalled EUR 170.6 million in the third quarter of 2016, almost flat (-0.2%) in year-on-year comparison. Group EBITDA declined by 22.2% and amounted to EUR 52.4 million in the third quarter. Eesti Energia’s net profit totalled EUR 13.3 million (-57.4% y-o-y).
Eesti Energia will be publishing Eesti Energia's Q3 2016 results on Friday, October 28th and will hold an investor call at 11:00 London / 12:00 Frankfurt / 13:00 Tallinn.
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With the mobile app, your consumption information, electricity contract, invoice information and Eesti Energia's contact details are readily available at all times, and you can conveniently submit meter readings by mobile phone. The Eesti Energia mobile app can be used by all residential customers in a contract with Eesti Energia.
As a large industrial business, we are aware of the impact of our operations on our surroundings. We are aware of our liability in this impact. In our daily operations, we care about our employees, customers, the natural environment and other stakeholders.
About the company
Eesti Energia is a state-owned international energy company that operates in the electricity and gas markets of the Baltic countries, Polish and in the international liquid fuels market. We offer energy solutions that include electricity, heat and fuel production, sales and customer service and other energy services. Our unique experience and technology in relation to processing oil shale and energy production are held in high regard around the world.
Energy production is more effective and environmentally responsible than it has ever been
We use increasingly effective and environmentally responsible technology in both the mining of oil shale as well as in the process of energy production. In addition to oil shale, we are using more and more alternative and renewable energy sources.