Eesti Energia
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| File:Eesti Energia logo.png | |
| Company type | State-owned company |
|---|---|
| Industry | Energy |
| Founded | 1939 |
| Headquarters | , |
Area served | Estonia, Latvia, Lithuania, Finland, Jordan |
Key people | Sandor Liive (CEO) |
Production output | Electricity and heat generation Oil shale mining Others |
| Services | Electricity and heat distribution Sale of electricity |
| Revenue | €668 million (2008/09) |
412,400,000 Euro (2022)  | |
| 215,700,000 Euro (2022) | |
| Total assets | 3,969,900,000 Euro (2022) |
| Owner | Government of Estonia |
Number of employees | ca 8000 (2009) |
| Website | www.energia.ee |
Eesti Energia AS is a state-owned energy company in Estonia with its headquarters in Tallinn. The company operates in Estonia, Latvia, Lithuania, Finland and Jordan. In Estonia the company operates under the name Eesti Energia, while using the brand name Enefit for international operations. The main raw material for energy production – oil shale – is extracted from mines owned by the company.
The government is considering the initial public offering of shares of the company.[1][2]
History
Eesti Energia was founded in 1939.
Operations
Eesti Energia produces and sales electricity, heat and fuel (oil shale and shale oil) and provides customer and consulting services.
International activities
On 5 November 2006, Eesti Energia signed a memorandum of understanding with the Government of Jordan being awarded with the exclusive right to study about one third of the resources of the El Lajjun oil shale deposit.[3][4] Later this right was transferred to cover the Attarat Umm Ghudran oil shale deposit as the shallow aquifer that underlies the El Lajjun deposit provides fresh water to Amman and other municipalities in central Jordan.[5] On 29 April 2008, Eesti Energia present a feasibility study to the Government of Jordan. According to the feasibility study, the company will establish a shale oil plant with capacity of 36,000 barrels per day.[6] The shale oil plant will use a Galoter processing technology; the construction is slated to begin by 2015.[3] On 30 April 2008, Eesti Energia signed an agreement with the Ministry of Energy and Mineral Resources of Jordan and the National Electricity Power Company of Jordan to develop the construction of an oil shale-fired power station with capacity of 600-900 MW in the country. The power station is expected to be operational by 2015.[7][8][9]
In Lithuania Eesti Energia is negotiating its participation in the Visaginas Nuclear Power Plant project.[10]
Subsidiaries
Eesti Energia has following subsidiaries:
- AS Eesti Energia Narva Elektrijaamad (Narva Power Plants). The company generates 95% of electricity produced in Estonia, and furnishes the city of Narva with heat. The company is also engaged in sales of fly ash, which can be used in agriculture and production of construction materials.
- AS Eesti Energia Kaevandused (100%) - a oil-shale mining company engaged in the extraction and sale of oil shale. The company supplies Eesti Energia's Narva Power Plants and other customers with fuel (oil shale). Eesti Energia Kaevandused consists of two mines, two quarries and a railway transport unit.
- OÜ Eesti Energia Jaotusvõrk (100%) - a distribution network operator.
- AS Eesti Energia Õlitööstus (100%) - an operator of the Narva Oil Plant
- Televõrgu AS (100%) - a telecommunications network company
- AS Eesti Energia Elektritööd (100%) - maintenance and electrical services provider.
- AS Eesti Energia Tehnoloogiatööstus (100%) - electrical equipment maintenance and supply services.
- AS Kohtla-Järve Soojus (59%) - a heat and power generation company, an operator of the Ahtme Power Plant.
- AS Eesti Energia Võrguehitus (100%) - network construction, planning and consulting on electrical systems.
- Enefit Outotec Technology (60%) - a joint venture with Outotec for developing shale oil extraction technology[11]
- Iru Elektrijaam (100%) - Iru Power Plant, heat and power company.
- AS Nordic Energy Link (39.9%) - operator of Estlink submarine power cable between Estonia and Finland.
- SIA Enefit (100%, Latvia) – a subsidiary supplying electricity and offering balance provider services in Latvia.
- UAB Enefit (100%, Lithuania) – a subsidiary supplying electricity in Lithuania.
- Solidus Oy (100%, Finland) - a clearing representative of Nord Pool, provider of electricity portfolio management.
- Oil Shale Energy of Jordan (76%, Jordan)
See also
References
- ^ Toomas Hõbemägi (2010-02-18). "Eesti Energia IPO may come in June". Baltic Business News. Retrieved 2010-03-09.
- ^ "Eesti Energia needs capital, govt mulls options". Reuters. 2009-10-05. Retrieved 2010-03-09.
- ^ a b Liive, Sandor (2007). "Oil Shale Energetics in Estonia" (PDF). Oil Shale. A Scientific-Technical Journal. 24 (1). Estonian Academy Publishers: 1–4. ISSN 0208-189X. Retrieved 2008-10-25.
- ^
"Annual Report 2007/2008" (PDF). Eesti Energia. 2008. Retrieved 2008-10-25.
{{cite journal}}: Cite journal requires|journal=(help) - ^ "Jordan Oil Shale Project". Omar Al-Ayed, Balqa Applied University. 2008-04-29. Retrieved 2008-10-25.
- ^ Taylor Luck (2008-08-07). "Jordan set to tap oil shale potential". Jordan Times. Retrieved 2008-10-25.
- ^ "Jordan's first oil shale power plant expected in 7 years". Jordan Times. 2008-05-01. Retrieved 2008-07-19.
- ^ Sandra Taimre (2008-04-30). "Eesti Energia signed an exclusive contract with Jordan". BBN. Retrieved 2008-07-19.
- ^ "Estonia to build oil shale plant in Jordan" (PDF). The Baltic Times. 2008-05-08. Retrieved 2008-07-19.
- ^ Nerijus Adomaitis (2007-07-06). "Baltic, Polish firms to negotiate nuclear plant". Reuters. Retrieved 2010-03-09.
- ^ "Outotec and Eesti Energia to establish a Joint Venture for development of oil shale processing" (Press release). Outotec. 2008-11-03. Retrieved 2010-03-09.