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If problem of mandatory procurement component is not tackled, development of manufacturing will be impeded

Photo: Agnese Gulbe/LETA.
 RIGA, Jan 30 - If the situation with the mandatory procurement component of electricity rates is not solved, the development of manufacturing in Latvia will be significantly impeded, Prime Minister Valdis Dombrovskis (Unity) told reporters after a meeting with President Andris Berzins today.

"This is where I, of course, can see problems looming, because we knew that the lobbies for the so-called green energy have been very powerful in Latvia. It is no coincidence that one of the final decisions of the government of [Ivars] Godmanis was to increase state support for it," said Dombrovskis. If the problem is not dealt with, it may impede the development of manufacturing in Latvia greatly.

Taking into account the increase in the so-called "green component", the Economy Ministry has been tasked with drawing up proposals for solving the problem and limiting the increase, reminded Dombrovskis.

Berzins said that the mandatory procurement component was a problem not only in Latvia but also in many other countries in Europe. For instance, Germany has made a radical decision to tackle the problem. "The problem will be reviewed and the best possible solution for Latvia will be sought," said the president.

Commenting on the situation at the joint-stock metallurgical company "Liepajas metalurgs", Dombrovskis reiterated that in-depth financial analysis must be carried out at the company, and further steps could be considered only after that. Berzins said he supported the premier's position.
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