Eesti Energia to sign 950-million-euro contract with Alstom

13.01.2011, 11:23

Estonian state power firm Eesti Energia said Wednesday will this week sign a 950-million-euro deal with France's Alstom to build a new power plant.

The deal will be signed  on Friday during a visit by Pierre Lellouche, France's foreign trade minister.

According to Eesti Energia, the new power plant will be fired by oil shale and will have up to two energy blocs of 300 megawatts each. The first bloc of the new power plant will have to be completed by 2015 and a decision on the second will made in 2012.