The Government has approved the resolution to increase the share capital of AS Eesti Energia by €100 million to allow the group to make the investments planned in its strategic action plan.
As the representative of the state as the sole shareholder, Minister of Finance Jürgen Ligi was granted the authorisation to increase the share capital. According to him, the Estonian energy landscape needs sustainable solutions.
“We must ensure security of supply and keep energy prices reasonable for consumers,” said Minister of Finance Ligi. “This requires the construction of new, controllable production capacities based on modern technology. The investments of Eesti Energia should support the competitiveness of the company as well as the stability of the energy market on a broader scale.”
The need of Eesti Energia AS for additional capital mainly stems from development activities and the money will be used to finance projects in the investment plan in accordance with the business plan.
The amount of the financing transaction is planned in the 2025 state budget.
Eesti Energia AS is a state-owned company established, among other things, to ensure a competitive and diversified electricity generation portfolio, including controlled capacities, while reducing the environmental footprint of generation and earning a reasonable return for the owner.
Source: valitsus.ee
