For Eesti Energia, the separation of Elektrilevi would mean a need to restructure its current loan portfolio and refinance its loans. Should Enefit Power, which generates electricity from oil shale, be unable to obtain loans, the state, as its owner, would have to increase its equity, said Hando Sutter, chair of Eesti Energia's management board, on Vikeraadio show "Uudis+."
