Klaipeda LNG terminal to provide Latvenergo up to 6 TWh of annual power
Latvian energy company Latvenergo JSC has acquired rights to use annual power output of 6 TWh from Klaipeda liquefied natural gas (LNG) terminal…
Category: Business
Rīgas siltums sets heating energy tariff at 170.59 EUR/MWh this heating season
2 October will mark the coming into force of the new heating tariff of Rīgas siltums JSC. This new tariff will be nearly…
Skulte LNG terminal given status of object of national interest in Latvia
On Thursday, 29 September, Latvia’s parliament passed in the final reading the legislative draft from the government and Ministry of Economics that provides…
Riga’s Hydroelectric Power Plant gradually restores water levels in water reservoir
The water level in the water reservoir of Riga’s Hydroelectric Power Plant (HES) is gradually being restored to allow everyday operations, as reported…
Latvian government approves additional support measures for households and businesses
On Tuesday, 27 September, Latvia’s government approved a new package of support to help compensate energy resource price increase for households and businesses….
Citrus Solutions to build new prison in Liepaja for EUR 125 million
The procurement committee has picked Citrus Solutions LLC as the winner in the tender for the construction of a new prison in Liepaja,…
Bank of Latvia upgrades GDP growth outlook to 3% for 2022
The Bank of Latvia has upgraded the country’s GDP growth outlook for 2022 from the previous 2.9% to 3%, as reported by the…
BNN ASKS | Electricity – why is it the way it is?
«How is the electricity price formed? Why is it so high on the exchange? When will it go down? Will the state support…
Bank of Latvia governor promises economic recession will not be as deep as it was in 2008
There will be an economic decline or recession, but it will be shallow, said Bank of Latvia governor Mārtiņš Kazāks in an interview…
