Elektrėnai, Lithuania, 2015-05-04 16:00 CEST (GLOBE NEWSWIRE) -- “Lietuvos energijos gamyba”, AB (company code 302648707, registered office at Elektrinės str. 21, Elektrėnai) (the Company), informs that on 4 May, 2015, Company received a letter from the Company’s shareholder – “Lietuvos energija”, UAB (“Lietuvos energija”), holding 96,13 percent of Company shares – containing information about expected changes.
The letter informs that the Board of “Lietuvos energija” approved the concept of the program on
development of chain of value of “Lietuvos energija” group. One of the approved projects indicates the development of the power generation operations of the Company by separating the part of wholesale energy trading activity carried out by the Company.
The separation of the part of the wholesale energy trading activity will lead to increasing efficiency of the “Lietuvos energija” group activities, to reducing expenses of the operations of Company and to develop activity of the Company.
Abovementioned actions should be carried out by the 1 January, 2016.
Any subsequent actions and decisions will be announced by the Company publicly in accordance with the laws.
Valentas Neviera, Head of Corporate Communication Division, tel. +370 5 278 2908, e-mail. valentas.neviera@le.lt