EC backs Vilnius CHP project with EUR 139m

By District Energy posted 01-22-2018 09:51

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Vilnus CHP project. Source: Lietuvos Energija (www.le.lt)

Summary

The European Commission (EC) has approved financing of over EUR 139 million (USD 169.9m) for a combined heat and power (CHP) project in Vilnius, it was announced last week.

The grant from the Cohesion Fund will be split in two portions and includes EUR 90.8 million for the biomass unit at the plant and EUR 48.5 million for a waste-to-energy unit using municipal waste as fuel. The latter will support Lithuania’s efforts to lower greenhouse gas emissions from its waste sector by around 10%.