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Eesti Energia

Description

Eesti Energia operates in the Baltic Sea electricity and gas markets and in the international fuel market. The owner of Eesti Energia is the Republic of Estonia.

The company have the most diverse energy portfolio in the Baltic Sea region and produce energy from oil shale, biomass, tyre chips, municipal waste, wind, sun and water. Eesti Energia use oil shale to produce liquid fuels – shale oil and oil shale gasoline as well as electricity and heat. 

History

The predecessor of the Eesti Energia group, the public limited company Elektrikeskus, was established on 8 May 1939 when the President of Estonia Konstantin Päts signed its foundation document. Although Elektrikeskus was only named Eesti Energia in 1945, its founding marks the beginning of the Eesti Energia group.

The role of Elektrikeskus was to implement the Estonian electrification plan and build the energy system. Many power lines were designed and built to connect consumers with power plants and preparations were made to start building new power plants. Since then, we have considerably extended our reach – a local Estonian electricity company that has grown into an international energy corporation supplying a wide range of products.

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