Controversy has erupted over the sale of Estonia's main energy plants to Americans—with opponents of the deal on July 25 attempting to turn up the heat on the government and the U.S investors.
Published:
3 August 2000 y., Thursday
The government last month agreed to sell a 49 percent stake in the two power stations to the Minnesota-based NRG Energy for 55 million dollars and 361 million more in investment to revamp the Soviet-built utilities.
The state-owned Estonian Energy would retain a 51 percent share of the installations, which burn oil shale to produce some 95 percent of Estonia's electricity. Negotiators for the government and NRG say they hope they'll be able to sign a final agreement next month; it would also need to be approved by parliament.
But the NRG deal has angered opposition parties and also many local business leaders who say the desire to cozy up to the United States for national security reasons has led the government to accept unfavorable economic terms. In one of the largest rallies in Estonia in recent years, some 1500 people denounced the deal outside parliament Tuesday, saying it forfeit Estonian sovereignty.
Opposition deputies on July 25 also returned from their summer recess to try to force through a special session of the 101-seat Riigikogu parliament to debate the sale, but they fell four seats short of the 51 necessary for a quorum.
Šaltinis:
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
European conference promotes regional solutions to global challenges.
more »
Iceland‘s low-fare airline Iceland Express will launch regular flights by the new-generation „Boeing 737-700“ planes to about 8 different destinations from Vinius International Airport.
more »
Over 3 million people around the world have lost their jobs due to the financial crisis and, according to the UN, economic recovery is unlikely to reach those that have suffered most - poor women and children.
more »
The European Commission has today decided not to raise any objections to the public financing of infrastructure developments at three Lithuanian airports – Vilnius, Kaunas and Palanga International Airports.
more »
The European Commission has published the results of a public consultation launched in June 2009 on whether and how deadlines should be set for the migration of existing national credit transfers and direct debits to the new Single Euro Payments Area (SEPA) payment instruments.
more »
A favourable climate for innovation in the EU can speed up the transition to an eco-efficient economy and increase Europe’s global competitiveness.
more »
The International Monetary Fund (IMF) and the Deutsche Bundesbank have signed an agreement to provide the Fund with up to the equivalent of €15 billion (about US$22 billion).
more »
Today the European Central Bank is publishing a report entitled “Euro Money Market Survey 2009”, which illustrates the main developments in the euro money market in the second quarter of 2009, in comparison with the second quarter of 2008.
more »
New EU laws proposed for closer oversight of financial services industry, sending a strong signal to this week's G20 summit.
more »
The European Commission has repeatedly underlined that the restructuring plan of new Opel Europe must guarantee that the company will be viable in the future.
more »