February 14 (Renewables Now) - Lithuania’s state-owned Lietuvos Energija has started building a EUR-350-million (USD 432m) combined heat and power (CHP) plant in Vilnius, the Baltic News Service (BNS) reports.
According to the developer’s website, the co-generation facility is expected to produce 87.6 MW of electricity and 227 MW of heat. Roughly 18 MW of the power capacity and 53 MW of the thermal capacity will come from waste-to-energy systems. The complex is slated for completion by the end of next year.
The project will be implemented with over EUR 139 million in financing from the European Union, approved last month, and a EUR-190-million loan from the European Investment Bank (EIB). According to BNS, up to 5% in the project will be offeredt in the future to Vilniaus Silumos Tinklai, an entity owned by the municipality of Vilnius.
Lietuvos Energija is also building a EUR-150-million CHP plant in the city of Kaunas, central Lithuania, in collaboration with Finnish energy group Fortum Oyj (HEL:FUM1V).
(EUR 1.0 = USD 1.234)