2012-11-23 14:51

Lithuanian Government preparing ground for investments in industrial park at Kruonis plant

The Lithuanian government approved in principle a draft amendment to the Investment Law, which will establish more favorable terms for the creation of strategic IT facilities, such as data centers, and the development of high-tech, high value-added production and energy research investment projects in the industrial park on the grounds of Kruonis Pumped Storage Plant.
Kruonio hidroakumuliacinė elektrinė
Kruonio hidroakumuliacinė elektrinė / Kęstučio Vanago/BFL nuotr.
Temos: 1 Kruonis

“We have divided the tasks between Lietuvos Energija (Lithuanian Energy), Invest Lithuania (the government’s investment promotion agency) and the Economy Ministry. Our task is to make technical arrangements on site and their task is to find the investor. Those amendments, which have been put forward, are aimed at making Lithuania more attractive for investors. Of course, it would ensure big success in attracting investors,” Dalius Misiūnas, CEO of Lietuvos Energija, the Lithuanian state-owned electricity production group, told BNS on Thursday.

He did not rule out a possibility that the first investment letter of intent might be signed by the end of this year.

According to the Economy Ministry, the territory is suitable for IT or high-tech investments due to well-developed infrastructure in place. Lietuvos Energija is expected to develop the 30-hectare industrial park by October 2015, with one to two lots for investors to be planned.

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