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Eesti Energia

Eesti Energia AS is a private limited energy company in Estonia with its headquarters in Tallinn. It is the world's biggest oil shale to energy company. The company was founded in 1939. As of 2014, it operates in Estonia, Latvia, Lithuania, Finland, Jordan and Utah, United States. In Estonia the company operates under the name Eesti Energia, while using the brand name Enefit for international operations. The main raw material for energy production – oil shale – is extracted from mines located in Eastern-Estonia and owned by the company. The group of Eesti Energia has three main operation areas: electricity generation, shale oil production, and sale and distribution electricity. Its shares are owned by the Government of Estonia.
==History==

Eesti Energia was founded in 1939. In 1998, it was reorganized from the state enterprise to private limited company. In 1998–1999, two distribution companies (''Läänemaa Eletrivõrk'' and ''Narva Elektrivõrk'') were separated from Eesti Energia and privatized.〔

In 1995, the Government of Estonia started negotiations with NRG Energy, a subsidiary of Northern States Power Company, to create a joint venture on the basis of Narva Power Plants, a subsidiary of Eesti Energia. According to the basic terms of sale, agreed in 2000, NRG Energy was to acquire 49% stake in Narva Power Plants. In addition, that time Narva Power Plants owned also 51% stake in the oil-shale mining company Eesti Põlevkivi.〔
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〕 The proposed deal got a strong public and political opposition.〔
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〕 The deal was cancelled by the Government on 8 January 2002 after NRG Energy failed the deadline to secure financing for the deal.〔
〕 On 21 August 2002 NRG Energy filed to the London court claiming £100 million compensation for damages from the cancelled deal; however this claim was rejected.〔

In 1999, Government handed 51% of shares of Eesti Põlevkivi to Narva Elektrijaamad.〔
〕 In 2003, Government transferred remained 49% stake in Eesti Põlevkivi to Eesti Energia. Also Narva Elektrijaamad-owned 51% stake was transferred to Eesti Energia and Eesti Põlevkivi became a fully owned subsidiary of Eesti Energia.〔

In 2000, Eesti Energia and Latvenergo announced a plan to merge companies to create a new Baltic Power Group.〔
〕 However, this deal was halted due to Latvian legislation forbidding privatization of Latvenergo and uncertainties around the NRG deal.〔
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In 2003, Eesti Energia tried to privatize Lithuanian distribution company RST. Although Eesti Energia fulfilled the privatization criteria and was the only bidder at the final stage of privatization, the privatization was halted by the Lithuanian Government.〔
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On 1 December 2005, during his visit to Estonia, Lithuanian Prime Minister Algirdas Brazauskas met with the CEO of Eesti Energia Sandor Liive to discuss Eesti Energia's participation in the proposed Visaginas Nuclear Power Plant project.〔
〕 On 8 March 2006, the heads of Lietuvos Energija, Eesti Energia and Latvenergo during their meeting in Ignalina signed a memorandum of understanding on the preparation for construction of a new nuclear reactor in Lithuania.〔
〕 Eesti Energia negotiated for six years; however, the project was put on hold after government change in Lithuania at the end of 2012.〔
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In 2006, Eesti Energia started to trade at Nord Pool Spot power exchange by acquiring Finnish trading company Solidus Oy.〔
〕 At the same year it started to sell electricity in Latvia and one year later in Lithuania. The company started its international oil shale activities in 2006. That year its subsidiary Oil Shale Energy of Jordan was created for the shale oil development project in Jordan. The memorandum of understanding between Eesti Energia and Government of Jordan was signed on 5 November 2006.〔
〕 The concession agreement was signed on 11 May 2010 in the presence of Jordanian and Estonian prime ministers Samir Zaid al-Rifai and Andrus Ansip.〔
〕 In March 2011, it acquired 100% shares of the Utah-based Oil Shale Exploration Company.〔
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To implement the EU 3rd energy package, on 28 August 2009 Government decided to separate and buy-out the transmission system operator Elering from Eesti Energia.〔
〕 The transaction was concluded on 28 January 2010.〔

In 2010, the government considered the initial public offering of shares at the London Stock Exchange; however, this plan was postponed.〔
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抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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