• 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.

  • Enefit Energy, subsidiary of Enefit, signed a contract with Amec Foster Wheeler to modify a Circulating Fluidized bed boiler so as to increase its capabilities to utilise retort gas for the generation of electricity and to reduce the environmental impacts of power production.

  • Eesti Energia’s sales revenues amounted to 148.7 million euros in the second quarter of 2016, down by 17.9% year-on-year. Group EBITDA also declined in the second quarter and equalled EUR 54.6 million (-20.9% y-o-y). Eesti Energia’s net profit totalled EUR 15.2 million (+122.2% y-o-y) in the second quarter.

  • From 1 September a new price of 47.16 euros/MWh plus VAT will apply to customers of the central heating area covered by OÜ Pogi. This price remains one of the lowest and most stable heating prices in Estonia. The Competition Authority approved the new limit price for OÜ Pogi on 14 July.

  • On 29 July 2016 Eesti Energia will publish its 2016 Q2 report. Introducing the results for investors will take place on 29 July 2016 at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

  • Eesti Energia will merge all renewable energy production within the Group into one company. The company, under the name Enefit Taastuvenergia, will begin to operate all of the Group’s renewable energy production units, and will be one of the biggest renewable energy producers in the Baltic States. The change is part of Eesti Energia’s strategic action plan for the next five years.

  • Cable malfunctions, maintenance work, low hydro reserves and poor weather raise power exchange prices in April In this edition of the Market Overview, we recap the changes in electricity prices in April and examine the factors behind the changes.We’ll also take a closer look at the fluctuations in the price of crude oil, the exchange rates of the euro and the dollar, and carbon prices, and introduce the most important news from the Baltic states’ markets in April.

  • Attarat Power Company (APCO) announced that its shareholders Eesti Energia, YTL Power International Berhad (YTL) and Near East Investment (NEI) have signed an agreement to introduce a new shareholder Yudean Group (Yudean) to the project to develop an oil shale fired 554 MW (gross) power plant and mine in Jordan.

  • May 6, 2016 - Attarat Power Company (APCO) announced that its shareholders Eesti Energia, YTL Power International Berhad (YTL) and Near East Investment (NEI) have signed an agreement to introduce a new shareholder Yudean Group (Yudean) to the project to develop an oil shale fired 554 MW (gross) power plant and mine in Jordan. Yudean has agreed to purchase 45% of the shares and YTL a further 15% of the shares with Eesti Energia stepping down to 10% and Near East Investments exiting the project. Following the completion of the share transfers which is subject to achieving full financial close APCO will be indirectly owned by Eesti Energia AS of Estonia (10%), YTL Power International Bhd of Malaysia (45%) and Yudean Group of China (45%).

  • On May 4th 2016 the General Meeting of Eesti Energia approved the Annual Report for Financial Year 2015 along with the Proposal for Allocation of Profit. Based on the resolution of the General Meeting, there will be no distributions made to the shareholder out of Eesti Energia's profits earned for 2015, i.e. no dividends shall be payable by Eesti Energia in 2016.

  • Eesti Energia’s sales revenues reached 197.0 million euros in the first quarter of 2016, decreasing by 10.4% compared to the same period in 2015. Group EBITDA also declined in the first quarter and amounted to EUR 60.3 million (-31.4% y-o-y). Eesti Energia’s net profit totalled EUR 19.4 million (-64.5%) in Q1 2016.