OREANDA-NEWS. December 02, 2009. Eesti Energia notes Government cabinet meeting at which, inter alia, future funding strategy and capital structure of Eesti Energia were discussed. Among the options considered was the sale of new shares via the IPO of a minority stake. The Government agreed to revisit this option in May 2010, reported the press-centre of Eesti Energia. 

Eesti Energia also notes the report presented to the Government cabinet setting out investment options and performance targets and will take this into account as it develops its strategy, business plan and investment decisions. Key targets of the report include:

Eesti Energia remaining a significant producer of electricity in the Baltic region with at least 1600MW of environmentally compliant capacity post 2016

continued investment in Estonian shale oil production, where the first Enefit 280 unit is currently in construction

continued upgrade of the electricity distribution networks.