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International Internet Magazine. Baltic States news & analytics Monday, 21.05.2018, 19:45

Vilnius Energy co asks Stockholm arbitration to appoint valuers of heating grid

BC, Vilnius, 29.12.2016.Print version
Vilniaus Energija (Vilnius Energy), Lithuania's biggest district heating supplier controlled by France's Veolia, has asked the Stockholm arbitration to appoint an independent asset valuer in protest of the valuers selected by the municipal company Vilniaus Silumos Tinklai (Vilnius Heating Grid, VST ), reports LETA/BNS,

"Yes, we filed the claim in early December. We are asking the Stockholm arbitration help appoint a n expert to value the heating sector, as we fear that we are running out of time for general assessment until the end of the lease period of the heating company," told Nerijus Mikalajunas, spokesman for Vilniaus Energija.

VST CEO Mantas Burokas said that after Vilniaus Energija had turned to the Stockholm arbitration, VST had asked for the decision to be made as early as possible. In his words, a decision is expected by Jan. 2.

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