The Baltic Course
Summary
Construction of the 350-million-euro combined heat and power (CHP) plant is starting in Vilnius. Financed by the state-run energy holding Lietuvos Energija and the European Union, the facility should be operational by the end of 2019. This is the largest energy project currently implemented in Lithuania, informs LETA/BNS.
"It is a new power plant that marks a new page in the history of energy and Vilnius. It is the phase where the actual work begins, Darius Maikstenas, CEO of Lietuvos Energija, said at the symbolic capsule burial ceremony.
The 88 megawatt (M W) electricity and 227 MW heating capacity power plant project is implemented by Lietuvos Energija, however, up to 5% of the power plant's shares will be offered to the municipality-owned Vilniaus Silumos Tinklai (Vilnius Heating Grid) in the future.
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