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
Thursday morning MEPs debated a report from the European Court of Auditors on EU expenditure in 2007.
more »
Wander along any supermarket aisle and you'll see a number of two-for-one offers. It's not something we're used to seeing at our local car showroom.
more »
The leaders of the so-called Big Three of the U.S. auto industry were on the hot seat on Capitol Hill.
more »
HP today announced preliminary results for the fourth fiscal quarter 2008 with revenue of $33.6 billion, a year-over-year increase of 19% or 16% when adjusted for the effects of currency.
more »
When the EU expanded in 2004, some of the 15 existing EU countries were worried they would be flooded by workers from eastern and central Europe.
more »
Monday MEPs discussed ways to narrow the gender pay gap that still exists in Europe, despite 30 years of legislation.
more »
The financial crisis has become a major threat to the economies, jobs and lives of millions worldwide.
more »
Fisheries in the EU are regulated to protect stocks from overfishing and prevent damage to marine ecosystems.
more »
Energy prices in the EU have risen by an average of 15% in the last year and Europeans wonder whether speculators are driving up oil prices.
more »
Treasury Secretary Henry Paulson offered an update on the government's financial rescue efforts.
more »