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Estonia

The Baltic Rail Service (BRS) consortium has bought two thirds of Estonia’s state rail firm for $59M.  BRS is made up of Estonia’s Ganiger Invest, US based Rail World and Britain’s Jarvis International.  Good news for getting people and freight onto the Estonian roads.

Czech Republic

The Czech government has invited bids for its majority holdings in a range of gas power, importing and transmission companies.   It hopes to raise about $6 billion.   Electricite de France, Germany’s EON and British Energy have all expressed an interest.   These companies should not only be able to produce power cleanly and profitably but also pay their taxes.   They might even be able to get the new nuclear power station at Temelin running properly.   Something that has eluded the state company thus far.

Austria

Austrian private customers and business have been able to choose their energy supplier from October 1^st.   Featherbedded Austrian power generators now have to compete not only with each other, but also with cheaper supplies from foreign, typically German rivals.   Given their cheap hydropower and the incentives of being private companies they should have little problem.   It would be a good start if they stopped their protectionist lobbying against the new Temelin nuclear power station in the adjacent Czech Republic.   

Sweden

Norsk Hydro the industrial conglomerate is replacing all its aluminium smelters to cut emissions and comply with tight environmental regulations.   It is removing all its old fashioned Soderberg potline smelters from its Sunndal plant and replacing them with newer more efficient and less polluting technology. 

Norway

Mean while the Norwegian State Gas monopoly continues with its anti-competitive practices in its negotiations of a gas deal with Poland.   The details are murky but the European Union is complaining that the Norwegian government, despite all his high blown rhetoric about the dangers of global warming, is quietly securing market share by hidden state subsidies.     Now why does that not surprise me?   

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Last modified: September 10, 2006