In an effort to bring down power prices and increase carbon-free energy production, Estonia may get a underwater pump hydroelectricity plant along its northern coast. The plant which will be about 200 m below water and produce 300 mw of electricity, although the Ministry of Economy is questioning the need for such large power capacity. Businessmen Jüri Mõis, Hannes Tamjärv and Aivar Berziniga with the company OÜ Energiasalv are counting on the parliament to add a new subsidy to the Electricity Market Act to make their plans possible. Read More
