The city council charged the shareholders of Kauno Energija (Kaunas Energy), a district heat supplier controlled by Kaunas local authority, to decide on the sale of KTE by 1 August.
“We will earmark 10 million litas (EUR 2.89m) for the upgrade of Kauno Energija’s grids, we have obliged to lower the price of heat and even agreed to eliminate the monopolistic rights of KTE,” Rimandas Stonys, the owner of Clement Power Venture, told the daily. The US company agreed to waive the obligation by Kaunas local authority to buy 80 percent of heat from KTE, he added.
“The supervisory council of Kauno Energija took our wish to cooperate into consideration and advised to approve the sale of KTE since the city would get everything it wanted. However, Andrius Kupčinskas [the mayor] swept all agreements aside with just one decision and now we are back from where we started,” Stonys said.
Meanwhile, Kupčinskas claims that the sale of KTE, which he describes as a strategic deal, needs very responsible decisions.
“The board of Kauno Energija considered the sale of the power plant but I want to raise this issue to a higher level,” the mayor said.
Meanwhile, Clement Power Venture says that it would adapt the facility’s gas boiler for biofuel and this project would cost 260 million litas.
2012-07-19 17:57
Kaunas authorities want to take closer scrutiny of KTE sale
The authorities of Lithuania’s second-biggest city of Kaunas want to take a closer scrutiny of the sale of Kauno Termofikacijos Elektrinė (Kaunas Combined Heat and Power Plant, or KTE) to the US company Clement Power Venture, the Lietuvos Rytas daily reports.
Kauno termofikacinė elektrinė / „Lietuvos žinių“ nuotr.
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