Wed, 14 Nov 2007: Brussels questions power grid sell-off…
Nov 14, 2007 Baltics
However, a VST report published only a year later put the value of the grid operator's long-term assets at 2.4 billion litas, four times the amount paid. The privatization threw doubt over the co...Tags: Brussels, Competence, Democratic Colleague, Doubt, Energy Companies, Energy Projects, Investment Company, National Investment, Nuclear Plant, Nuclear Power Plant, Power Grid, Priority, Privatization, Sake, Term Assets, Vst
Wed, 7 Nov 2007: Nuclear plant team being picked…
Nov 7, 2007 Baltics
Private equity investor NDX Energija, owner of power grid operator VST, is expected to take the remaining 39 percent stake. According to preliminary estimates, the construction of the new nucle...Tags: Auditing Company, Baltics, Consortium, Due Diligence, Economy, Estimates, International Auditing, Kpmg, Lietuvos Energija, Nuclear Plant, Nuclear Power Plant, Participating Companies, Percent Stake, Power Grid, Private Equity Investor, Private Investor, Rst, Vst
Wed, 14 Mar 2007: Lithuania considers own grid merger…
Mar 14, 2007 Lithuania
The task group, formed by Prime Minister Gediminas Kirkilas, should agree on the concept for the national investor company by March 31. The group comprises officials from the government, Lietuvos...Tags: Authorities, Energija, Energy Sector, Gediminas, Interconnections, Lithuania, Merger, National Investor, Ndx, Nuclear Power Plant, Power Grid, Prime Minister, Retail Chain, Stake, Stakeholder, Task Group, Vilniaus Prekyba, Vst
Wed, 10 Jan 2007: Nuclear negotiations get off to rocky start…
Jan 10, 2007 Baltics
5 that all three countries should have equal stakes in the new nuclear power plant. However, he did not rule out a change of position based on Latvenergo's analysis of the many proposals surroundi...Tags: Eesti Energia, Energy Official, Energy Utility, Engineering Project, Estonians, Lithuanian Politicians, Notion, Nuclear Negotiations, Nuclear Plant, Nuclear Power Plant, Polish Power, Power Grid, Proposals, Pse, Rocky Start, Stake
Wed, 27 Sep 2006: Estonian Energy still ready to buy Lithuania’s RST…
Sep 27, 2006 Lithuania
20. Mikk said that Estonian Energy would purchase RST if the government announces a tender. Secretary for the Ministry of Economy, Ancietas Ignotas said that a feasibility study of the privatizat...Tags: Alytus, Conclusions, Cracks, Economy, Estonia, Feasibility Study, Final Decision, Lithuania, Mikk, Panevezys, Power Grid, Privatization, Rst, Utena
Wed, 23 Mar 2005: Lithuanians to trade kilowatts online…
Mar 23, 2005 Lithuania
However, our markets are relatively small. This market will be fully functioning when power grid connections with Poland, Sweden and Finland are in place," he said. Senior managers of Latvia's Lat...Tags: Baltic Countries, Eesti Energia, Electricity Market, Electronic Power, Finland, Grid Connection, Grid Connections, Independent Suppliers, Kilowatts, Latvenergo, Legal Entities, Lithuania, Lithuanians, News Conference, Poland, Power Grid, Senior Managers, Sweden
Thu, 27 Nov 2003: Utility privatizations raise as many questions as cash…
Nov 27, 2003 Baltics
We're not purchasing energy production but energy distribution. What's more, it's retail energy distribution," claimed Marcinkevicius.Marcinkevicius pointed to the consortium's experience in manag...Tags: Business Operations, Consortium, Energy Distribution, Energy Production, Estonian State, Jeopardy, Jobs, Power Grid, Retail Energy, Rst, Western Europe
Thu, 29 Jul 1999: Fortum, Uhispank buy power plant…
Jul 29, 1999 Baltics
"Fortum's interest in taking Uhispank [into the deal] was to find a strong financial partner and a possibility to accommodate itself to the local environment," said Margus Kangro, director of the ...Tags: Adviser, Corporate Finance Division, Financial Partner, Fortum, Power Grid, Power Plant, Privatization, Realization, Western Estonia
Thu, 18 Mar 1999: The redcoats are comingÉmaybe…
Mar 18, 1999 Baltics
"At this time there is no decision," Kazlauskas said. "They were here only for a fairly short time and we were speaking in general terms." The government, he reports, wants to hold discussions wit...Tags: Creation, Germany, Government Commission, Hydro Power Station, Ignalina, Investor, Nuclear Energy, Poland, Power Grid, Prosp, Redcoats, Short Time