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Mon March 08 2021

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Estonia gets funding for back-up power plant

13 Jun 14 The European Investment Bank (EIB) has agreed to lend €32m (£25.7m) to the Estonian energy company Elering for the construction of a back-up power generation plant in Kiisa.

This is the first emergency reserve power plant to be built in Estonia. The Kiisa power plant will only operate in the event of emergencies, like the failure of a major national power plant.

The design characteristics of the power plant aim to minimise the start-up time and energy consumption in warm standby mode, as well as to maximise reliability. The plant will also be used as a back-up for the electricity networks of Latvia and Lithuania.

Pim van Ballekom, EIB vice-president responsible for the bank’s operations in the Baltic States, said: “The EIB, the bank of the EU, strongly promotes security of the energy supply. We therefore particularly welcome this agreement with Elering, as the project will ensure the readiness to produce emergency power for Estonia, as well as for Latvia and Lithuania. We believe that a secure electricity supply is itself a pre-requisite of economic growth”.

Elering’s CEO Taavi Veskimägi said that “it is hard to overestimate the role of the Kiisa emergency reserve power plant for Estonian consumers in the event of any kind of electricity system failure. The plant has to be able to compensate for a tripped generator in the country or an interconnection in a matter of minutes in the event of a failure.”

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MPU
MPU

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