France's Alstom to ink power plant deal with Estonia

12th January 2011, Comments 0 comments

Estonian state power firm Eesti Energia said Wednesday it would sign a 950-million-euro (1.23-billion-dollar) deal with France's Alstom to build a new electricity plant.

Eesti Energia spokeswoman Marina Bachmann told AFP that the deal would be inked on Friday, during a visit by Pierre Lellouche, France's foreign trade minister.

"The cost of the project is 950 million euros. The new power plant will be fired by oil (from) shale and will have up to two energy blocs of 300 megawatts each," Bachmann said.

"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," she added.

© 2011 AFP

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