Construction, Energy, Energy Market, EU – Baltic States, Financial Services, Good for Business, Investments, Lithuania, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Sunday, 30.04.2017, 16:05
Lithuania's Kaunas CHP plant signs EUR 75 mln worth of treaties
The Kaunas CHP plant told that the value of the signed contractor contracts account for about 50% of the total project value of 150 mln euros. However, the company has not yet disclosed the value of the separate contracts. The remaining share of the investments will consist of other public procurement bids for acquisition of various equipment.
The Kaunas plant's waste-incinerating boiler will be manufactured and installed by Germany's Baumgarte Boiler Systems, with cranes provided by the Finnish concern Konecranes Finland, flue gas stealing installations by the French company LAB and the steam turbine by a consortium by the Lithuanian branch of Siemens Osakeyhtio and Siemens of the Czech Republic. Advise on project management will be provided by Finnish, Estonian and Lithuanian subsidiaries of AF, one of Europe's biggest engineering groups.
Developed by the state-run holding Lietuvos Energija (Lithuanian Energy) and Finland's Fortum, construction of the plant should be started this fall and completed in late 2019. The utility's electric capacity will be about 24 MW and heating capacity will total at approximately 70 MW. It should burn about 200,000 tons of utility and industrial waste per year and generate about 40 percent of the heating needed for Lithuania's second-largest city Kaunas.