Posts tagged as MPC

Still no clarity with MPC in Latvia; government wants «smarter solution»

Tuesday, September 24, 2019

It is still not clear how liquidation of the mandatory procurement component (MPC) could be carried out. This is why the government is in the process of searching for a «smarter solution», as Prime Minister Krišjānis Kariņš told journalists after a meeting of the Coalition Council on Monday, 23 September. Economy Minister Ralfs Nemiro admits the coalition has agreed to enhance control over MPC payment, because until now control has…

No need for new support mechanism to substitute MPC – economics minister nominee

Monday, January 14, 2019

There is no need to provide a new support mechanism for renewable energy producers to substitute the existing mandatory procurement component (MPC) system, economics minister nominee Didzis Smits (KPV LV) said in an interview with Latvian Television this morning. “I believe that there is no need to provide a substitute for the MPC. We are a country in a development stage that is still quite far from the European Union’s…

Latvian railway electrification project’s costs may reach those of Parex Bank or MPC

By Simona Sjadite on Wednesday, October 3, 2018

«The railway electrification project may potentially leave Latvian taxpayers with nothing. Cost-wise this project comes close to the financial strife that was caused by Parex Bank’s liquidation or even mandatory procurement component system’s potential losses. The only difference is that it is still possible to avoid the potentially ruinous outcome of the electrification project. If I, as head of the responsible state institution, were asked by state institutions advice on…