Company briefs - 2006-03-08

  • 2006-03-08
Eesti Energia (Estonian Energy) began development on a new wind farm that will have a capacity of 50 megawatts. The project will be located on an ash field in a industrial region outside Narva. The state-owned utility has announced a public tender to draft the investment project and carry out necessary surveys.





Latvia's largest textile producer, Lauma, acquired French lace-maker Desseilles, a Calais-based firm that has been under bankruptcy administration since November 2005. Desseilles, which covers lace design, dyeing and finishing, employs 237 workers. Only some 100 employees will remain after the takeover. Lauma is planning to develop Desseilles as its center for design and research and development.





The Lithuanian government's plans to build a new port at Melnrage, a district of Klaipeda, met resistance from the city's authorities and residents. The government's strategic committee approved constructing a port at Melnrage last year, as long as territory was made available for port development and an environmental study was conducted. The Japanese International Cooperation Agency recommended expanding Klaipeda Port's northern area to accommodate vessels with a draft of up to 15 meters (currently the maximum permissible draft is 12.5 meters). The state expects to attract money from private investors or foreign funds for the project, which is estimated to cost at least 2 billion litas (580 million euros).