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Eesti Energia to build 3 billion kroon oil-shale plant

May 27, 2009
By Ashley Brettel

OIL INVESTMENT: Estonia's state owned oil-shale energy company has announced plans to build a 190 million euro plant. The project is seen as a significant investment in the development of local economies.
TALLINN - Eesti Energia, the state owned oil-shale energy company, has announced it will commission a new 3 billion kroon (190 million euro) plant that should open in 2011. In a company statement Juri Kao, chairman of the Supervisory Board of Eesti Energia, said the project would help boost the local economy and ensure the company's future. "With this decision, we are making an investment which will enliven the regional economy of eastern Estonia, ensure the sustainability of the company an ...

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