ESTONIA OIL SHALE
May 1st, 2004
BY KEITH NUTHALLNEW EUROPEAN Union (EU) member country Estonia has been lent Euro 80 million by the European Investment Bank (EIB) to renovate and extend its electricity transmission and distribution systems. The loan to Eesti Energia AS should reduce its operational and maintenance costs, enable it to meet expected residential electricity demand growth and increase cross-border sales. The loan has come as the European Commission has pressured Estonia to speed its electricity market liberalisation. It has asked EU ministers to approve an Estonian derogation from ...
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