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Fermi Energia cuts costs: the planning NPP company has funds for a few months left

Fermi Energia урезает расходы: у планирующей строительство АЭС компании осталось средств на несколько месяцев

The Fermi Energia company, which is planning to build a nuclear power plant in Estonia, will have enough money for another four months, reported the general director of Kalev Kallemets to investors in the report for the fourth quarter of the last year. Manager

Fermi Energia Kalev Callemets. Manager Fermi Energia Kalev Callemets. Photo: Konstantin

Sednev

The company Fermi Energia, planning the construction of a nuclear power plant in Estonia, Funds will be available for another four months, the general director of the company Kalev Kallemets to investors in a report for the fourth quarter of the last

year.

To overcome financial difficulties, the company temporarily reduced employee salaries by three months, completely canceled the benefits of the Board and reduced the number of employees. At the end of the year the company had funds for four months.

Callemets announced yesterday, that it recently agreed to borrow 200 000 euros, which would ensure the covering of theexpensesforanothertwomonths,extendingthefundingtoJune.

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