The Government Confirms the Increase in Elering’s Share Capital of almost 10 Million Euros

On Thursday 12 May, the Minister of Economic Affairs and Communications, Juhan Parts, was given the authority at a meeting of the government to increase the share capital of Elering by 9,890,000 euros. To achieve this, 9890 new 1000-euro denominated shares will be issued. The increase in share capital is needed in order to bring in more external capital and to finance the extraordinary and massive investment called for in the development plan of the electricity sector.

The first increase in share capital was made in December 2010 when the government decided to add 5.8 million euros to Elering’s capital, bringing Elering’s total share capital up to 149,890,000 euros.