Regarding the Pledge of the Steam Boiler Plant of “Lietuvos energijos gamyba”, AB


Elektrėnai, Lietuva, 2015-05-14 15:44 CEST (GLOBE NEWSWIRE) -- “Lietuvos energijos gamyba”, AB (company code 302648707, registered office at Elektrinės st. 21, Elektrėnai, the Company), informs that in accordance with the decision of the Board of the Company and the decision of general meeting of shareholders of the Company and in order to carry out the obligations laid down in Loan agreement dated 26 June, 2013, signed between the Company and „Nordea Bank AB“ Lithuanian branch and AB DNB bank, on 14 May, 2015 pledged part of the property, which was created during the Investment project of Construction of heat energy generation capacities at Elektrėnai complex – Steam Boiler Plant.

The Steam Boiler Plant is equipped with three steam boilers with a total capacity of 49.8 MW.  The aim of this steam boiler plant is to ensure heat energy reserves, generation of heat during the coldest periods at winter season and to provide heat reserve for the units of Reserve Power Plant.

The remaining part of the property created during the Investment project of Construction of heat energy capacities – biofuel boiler plant – will be pledged after the registration in the Real Property Register.

         Valentas Neviera, Head of Corporate Communication Division, tel. +370 5 278 2908, e-mail. valentas.neviera@le.lt