Market announcement

Eesti Energia AS

LEI code

5493005044RTLQ5RZU70

Size of the entity

Large group

Economic activities

Electricity, Gas, Steam and Air Conditioning Supply, Telecommunication, Computer Programming, Consulting, Computing Infrastructure, and other Information Service Activities, Real Estate Activities, Professional, Scientific and Technical Activities

Country of registered office

Estonia

General information

Categories

Press release

Unique data record identifier

17968

Submission date and time

18.11.2025 14:33:39

Content of announcement in Estonian

Title

Eesti Energia tütarettevõtte Enefit Industry gaasielektrijaama ehitushanke võitis Baran International Ltd ja Baran Group Ltd ühispakkumine

Message

Täna,  18. Novembril 2025, sõlmisid  Enefit Industry  ja Baran International Ltd
ning     Baran    Group    Ltd    võtmed-kätte    hankelepingu    100-megavatise
vesinikuvõimekusega   soojuselektrijaama  rajamiseks.  Hanke  maksumus  on  100
miljonit eurot.

Narva lähistele rajatav gaasielektrijaam hakkab tarnima elektrivõrku kuni 100 MW
elektrienergiat   ja  85 MW  soojust  Narva  soojusvõrku.  Jaam  hakkab  töötama
peamiselt  maagaasil või  biometaanil ja  võimaldab kütusena  kasutada kuni 25%
vesinikku.

Järgmise   sammuna   algab   elektrijaama   projekteerimine.   Ehituseks   läheb
indikatiivselt järgmise aasta sügisel. Elektrijaam on planeeritud valmima 2028.
aastal  ja see plaanitakse rajada Eleringi välja kuulutatud sagedusreservi hanke
vastu.

Danel Freiberg
Treasury- ja finantsriskijuht
Eesti Energia AS
Tel: +372 5594 3838
E-post: [email protected] (mailto:[email protected])

Content of announcement in English

Title

Baran International Ltd and Baran Group Ltd joint bid wins Enefit Industry’s gas-fired power plant construction tender

Message

Today,  18 November 2025, Enefit Industry  signed a turnkey  contract with Baran
International  Ltd and Baran Group Ltd for the construction of a 100 MW combined
heat  and  power  plant  with  hydrogen  capability.  The contract value is EUR100
million.

The  new combined gas-fired power plant, to  be built near Narva, will supply up
to  100 MW of electricity  to the grid  and 85 MW of  heat to the Narva district
heating  network. The plant will primarily  operate on natural gas or biomethane
and will be capable of using up to 25% hydrogen as part of its fuel mix.

The  next step  will be  the design  phase of  the power  plant. Construction is
expected  to start in the autumn of next  year, and the plant is scheduled to be
completed  in 2028. The project  is planned to  be developed in  response to the
frequency reserve tender announced by Elering.

Danel Freiberg
Head of Treasury and Financial Risk Management

Eesti Energia AS
Lelle 22, 11318 Tallinn

Phone: +372 5594 3838
Email: [email protected]