A Letter of Intent regarding possible development of energy supply projects in Kaunas FEZ signed

On 29 July 2010 a letter of intent regarding possible development of heating,
cooling, electricity supply and of infrastructure development projects in
Kaunas Free Economic Zone and in Kaunas city was signed between UAB The
Management Company of Kaunas Free Economic Zone, AB „Kauno energija“ and UAB
„COWI Lietuva“. 

It was agreed with this Letter of Intent to analyze the possibilities of
providing the consumers based at Kaunas FEZ with heat, cooling and electricity
produced out of renewable energy sources, o collectively seek for financial
support for the project implementation, attracting the funds of Kauno energija,
the EU and Lithuanian budget subsidies to finance the renewable energy sector,
to elaborate a conceptual solution for energy supply and project financing, to
implement the project provided the technical and financial concept acceptable
is found. 

Agreements embodied in this letter of intent are expected to launch in autumn
2010. 

Jovita Sereikienė
Head of Asset Management Department
+370 37 305664