Estonia's major power plant ceasing operations due to escalating electricity costs
Estonian Cell, a pulp production enterprise specialising in aspen pulp, has announced that it will be shutting down for two months starting in October. This decision, made by the management of the company, comes as a response to the high cost of electricity that has been a significant challenge for the enterprise.
The financial director of Estonian Cell made a statement regarding the situation, confirming that the high electricity prices are the main reason for the shutdown. The difficult economic situation on the market has also played a role in this decision.
The production at Estonian Cell was suspended in February of this year due to similar reasons. The shutdown, initially scheduled for October, was preceded by this production suspension. The reasons for both the production suspension in February and the upcoming shutdown remain the same: high electricity prices.
The shutdown will affect the production of aspen pulp in Estonia for an extended period. This two-month shutdown will result in a gap in the supply of aspen pulp from Estonia, potentially impacting the market.
Interestingly, the German steel company Dillinger, part of the SHS-Gruppe (Stahl-Holding-Saar), announced that its largest plant would be shut down for two months starting in October 2021 due to high electricity costs. This news further underscores the challenges that industries are facing due to rising energy prices.
The economic difficulties faced by Estonian Cell have led to these production suspensions and the upcoming shutdown. The enterprise will be reviewing its operations and strategies during the shutdown period to find ways to operate more efficiently and cost-effectively in the future.
This news serves as a reminder of the economic challenges faced by industries due to high energy costs. As the world continues to transition towards renewable energy sources, it is crucial for industries to adapt and find ways to reduce their energy consumption and costs to remain competitive.
