A main motivation behind a recent to decision to sell a stake of Estonia's power stations to Americans was to boost national security.
Published:
9 August 2000 y., Wednesday
A main motivation behind a recent to decision to sell a stake of Estonia's power stations to Americans was to boost national security, Estonian Prime Minister Mart Laar wrote in an article published August 4.
Estonia, which has security concerns vis-a-vis neighboring Russia, agreed to sell a 49 percent stake in the plants to the U.S.-based NRG Energy for 55 million dollars and 361 million more in Opposition parties blasted the deal, saying it would lead to unnecessarily high energy prices. They also said the sale of the plants, which produce 95 percent of the country's electricity, would jeopardize Estonian sovereignty.
But writing in Estonia's Postimees daily, Laar said the controversial deal was not only sound economically, but would enhance national security by more closely enmeshing Estonia's vital interests with those of the United States.
"The NRG investment will guarantee an American presence here...ensuring that the only superpower in the world will have a continued interest in the stability and fast development of our region," he wrote.
"Who could be a better advocate (for Estonia) in the U.S. government than a company which seeks a profit in this region," said Laar, who also criticized the center-left opposition for what he said were displays of disturbing xenophobia in opposing the deal.
He said the price of electricity, which NRG energy will be allowed to raise by over 20 percent, shouldn't be the only criteria by which to judge the deal.
Šaltinis:
The Weekly Crier
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
How will economic policies adapt in 2020 when a quarter of the EU population is over 65? Can economics better predict how banks will react to credit crunches in the future, and what their impact will be on the wider economy?
more »
The EBRD is supporting the development of one of the first modern food retail chains in Turkmenistan with a $1.9 million equity investment in Ak Enar.
more »
While on a working visit to Ukraine, President of the Republic of Lithuania Dalia Grybauskaitė has underlined that Ukraine might become a very important energy partner for Lithuania and for the whole European Union but only transparent and open relations will lead to success in this area.
more »
On 25 November in Vilnius, Lithuania’s Vice-Minister of Foreign Affairs and President of the Nordic Investment Bank discussed the issues of the Northern Dimension Partnership on Transport and Logistics (the secretariat of which is being established at the Bank), issues of the NIB cooperation with Lithuania and perspectives of the NIB’s activities in the country.
more »
The European Bank for Reconstruction and Development has adopted a new strategy for the Russian Federation.
more »
Consumer protection requires transparent and consistent trade rules, believe MEPs.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 76 million) to the South Moravia Region for co-financing the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.
more »
Seeking to strengthen business partnership between Israel and Lithuania the Israel and Lithuania Chamber of Commerce has been recently established in Lithuania.
more »
AB DnB NORD Bankas, notifies that on 24 November 2009, the member of the Management Board and Executive Vice-president of AB DnB NORD Bankas dr. Jekaterina Titarenko has been appointed as Chief Financial Officer of Bank DnB NORD Group.
more »
Parliament gave its backing on Tuesday for €400 million-plus in budget aid to Serbia, Bosnia and Herzegovina, Armenia and Georgia.
more »