The Estonian government has authorized Minister of Finance Martin Helme to increase the equity capital of state-owned energy company Eesti Energia by means of a cash contribution of 125 million euros to enable the establishment of a new Enefit 280 oil plant by Eesti Energia.
The establishment of the new oil plant arises from the expectation of the state as the owner, and the strategic objective of Eesti Energia to increase the production of liquid fuel, the government's communication office said on March 27.
"The establishment of the new ...
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