Research and Markets: Latvia Energy Report: A Commissioning of a Second 420 MW CCGT Unit in Riga to Begin In 2013

DUBLIN--(BUSINESS WIRE)-- Research and Markets ( has announced the addition of the "Latvia Energy Report" report to their offering.

This report provides updated facts and figures on the evolution of the national energy market. For the oil, gas, coal and power markets, the report details the market organisation, institutions regulating the market, and energy policy of the country. Energy companies active on the market are analysed. Domestic production, capacities, exchanges, consumption by sector and market shares are provided. Energy prices levels and taxes are described. Finally, the driving issues, and the market prospects are proposed.

Highlights in Latvia:

Latvia is investing in its electricity sector, with the construction of a 800 MW transmission line whose first phase will be completed in late 2012, and with the commissioning of a second 420 MW CCGT unit in Riga in 2013. The country is strengthening its regional integration, with the upcoming participation to the NordPoolSpot power exchange before 2013 and a potential stake in a new nuclear power plant in Lithuania.

Meanwhile, Europe is struggling to recover after the economical and financial crisis. Despite a 0.8% recovery in 2010, primary energy production fell again by 3% in 2011, in line with the 2.5% decrease in primary energy consumption. This noticeable drop in energy demand contributed to the 4.8% contraction in the energy consumption per unit of GDP (now 37% below the world average).

Companies Mentioned:

Elektrostopanstvo Na Makedonija (ESM)





Hellenic Petroleum





For more information visit

Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Energy and Natural Resources

Source: Research and Markets