The Supervisory Council of Eesti Energia has resolved to extend the term of the service contract of Mr. Hando Sutter, the Chairman of Eesti Energia’s Management Board by two years. The contract is now effective until 30 November 2019.
Sales revenues of Eesti Energia Group amounted to EUR 215.3 million in the first quarter of 2017 (+9.3% year-on-year). Group EBITDA equalled EUR 86.5 million (+43.4% year-on-year). The Group’s net profit totalled EUR 48.3 million in the first quarter of 2017 (compared to EUR 19.4 million in the equivalent period of last year).
On 28 April 2017 Eesti Energia will publish its Q1 2017 results. Introducing the results for investors will take place on 28 April at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.
Attarat Power Company (“APCO”) announced that it has reached financial close for the USD 2.1 billion project to construct the first oil shale fired power station and open cast mine in Jordan. The construction of the 554MW gross/470MW net oil shale fired mine mouth power station will commence shortly and the power station is scheduled to start operation in mid-2020.
Enefit's affiliate company has achieved financial close for the USD 2.1 billion oil shale power project in Jordan
Enefit's affiliate company Attarat Power Company (APCO) announced that it has reached financial close for the USD 2.1 billion project to construct the first oil shale fired power station and open cast mine in Jordan. The construction of the 554MW gross/470MW net oil shale fired mine mouth power station will commence shortly and the power station is scheduled to start operation in mid-2020.
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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.