Construction of Rail Baltica station related infrastructure at Riga Airport to cost 237 million EURO

Irena Cirule, Trade Commissioner (Latvia)14-September-2021 Construction of the Rail Baltica station and related infrastructure at Riga International Airport will cost 236.961 million EURO, excluding value added tax (VAT), LETA was told at Eiropas Dzelzcela Linijas (EDzL), the state-run company implementing the Rail Baltica project in Latvia. EDzL representatives told LETA that an agreement has been concludedContinue reading “Construction of Rail Baltica station related infrastructure at Riga Airport to cost 237 million EURO”

Steep rise in heating prices

Irena Cirule, Trade Commissioner (Latvia)14-September-2021 Rigas Siltums heating company has estimated that those residents of Riga who so far paid about 50 EURO a month for heating now will have to pay 64 EURO. The company said that these are approximate estimates which will depend on the winter. Rigas Siltums explains the rise in heating tariffsContinue reading “Steep rise in heating prices”

Latvijas Gaze concern posts 56% rise in H1 sales

Irena Cirule, Trade Commissioner (Latvia)14-September-2021 Latvijas Gaze concern in the first six months of this year generated 154.255 million EURO in turnover, up 56 percent from the respective period last year, while the company’s profit shrank three times to 5.445 million EURO, according to the company’s unaudited financial report. Latvijas Gaze reported that colder temperature duringContinue reading “Latvijas Gaze concern posts 56% rise in H1 sales”

New Estonian-Latvian interconnection a significant step in improving security of power supply

Irena Cirule, Trade Commissioner (Latvia)14-September-2021 The new Estonian-Latvian third interconnection is a significant step in improving security of power supply, said Augstsprieguma Tikls (AST) transmission system operator’s board chairwoman, Gunta Jekabsone, at the inauguration ceremony. Jekabsone stated that that the new interconnection will not only bring new power to consumers, but also new power generators toContinue reading “New Estonian-Latvian interconnection a significant step in improving security of power supply”

Prague’s new climate plan focuses on reducing emissions by 45%

Martina Taxova, Trade Commissioner (Czech Republic)07-June-2021 The City of Prague approved the City’s draft Climate Plan until 2030. The ambitious document is to become the flagship of the effort for a carbon-neutral city in 2050. Its implementation over the next ten years envisions a reduction in the volume of carbon dioxide emissions by 45% comparedContinue reading “Prague’s new climate plan focuses on reducing emissions by 45%”

Cost to end coal in the billions

Martina Taxova, Trade Commissioner (Czech Republic)07-June-21 A joint study conducted by the Czech Technical University in Prague and the Association for District Heating of the Czech Republic, indicated that by the end of 2030, Czech heating plants will have to invest approximately 100 billion CZK (5.8 billion CAD) to switch from coal to gas.  SoContinue reading “Cost to end coal in the billions”

Funding large heating supply projects in Czech Republic

Martina Taxova, Trade Commissioner (Czech Republic)18-May-2021 The State Fund for Environment has recently published HEAT Call No. 2 intended for large projects allocating CAD 294 million. The second subsidy call from the HEAT program is intended for heating plants (owners of heat supply systems) for the reconstruction or replacement of a heat source in heatContinue reading “Funding large heating supply projects in Czech Republic”

Energy storing batteries would help ensure reliable operation of Baltic power systems – Augstsprieguma Tikls

Irena Cirule, Trade Commissioner (Latvia)12-May-2021 Energy storing batteries would help the Baltic States to ensure a smooth and reliable operation of their power systems, representatives of Augstsprieguma Tikls transmission system operator (TSO) told LETA, citing a feasibility study conducted by Japanese energy company Tepco Power Grid Inc. The study shows that in order in increase renewableContinue reading “Energy storing batteries would help ensure reliable operation of Baltic power systems – Augstsprieguma Tikls”

Latvenergo power utility implements placement of seven-year green bonds worth EUR 50 million

Irena Cirule, Trade Commissioner (Latvia)12-May-2021 On May 7, Latvia’s power utility Latvenergo implemented placement of seven-year green bonds in the total nominal value of EUR 50 million with a fixed annual interest rate of 0.5 percent and a yield to maturity 0.543 percent, LETA learned from the company. The total amount of the submitted purchase ordersContinue reading “Latvenergo power utility implements placement of seven-year green bonds worth EUR 50 million”

Czech government approves environmental policy on lower emissions

Martina Taxova, Trade Commissioner (Czech Republic)12-May-2021 In 2021, the Czech Ministry of Environment approved a strategy to prioritize lowering emissions of harmful substances and greenhouse gases, along with more efficient use of water. The strategy has been incorporated into the State Environmental Policy of 2030 (SPŽP 2030), which states the country’s environmental vision to beContinue reading “Czech government approves environmental policy on lower emissions”