European Investment Bank backs Lithuania CHP plant

The European Investment Bank has signed a €190m ($201m) loan agreement with Lietuvos Energija for the construction of new combined-heat-and-power plant in Lithuania.

The project in Vilnius will be a biomass- and waste-to-energy-fired CHP plant with total capacity of 88 MW, supplying electricity to the national grid and heat to a district heating system in Vilnius.

“Lithuania has a growing economy and an increased need for cleaner environment and efficient use of energy resources,” said the bank’s vice-president Jan Vapaavuori.

He added that the project would be “a key stepping stone to an improved security of supply, as well as more cleanly generated energy”. 

Related content: Wave energy project gets $11m funding from European Investment Bank

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...