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International Internet Magazine. Baltic States news & analytics Tuesday, 23.09.2014, 21:21

Lithuanian Grigiskes plans investment in heat sector

Danuta Pavulenene, BC, Vilnius, 27.07.2012.Print version
Seeking to enhance production competitiveness, to reduce impact of gas price increase on business and to modernize its heat (steam) production facilities, Grigiskes Company Group intends to implement two projects in Vilnius and Klaipeda, the company said today in a press release.

Construction of a new minimum 17.5 MW thermal output biofuel boiler, which is partly to replace the existing boilers using natural gas, is planned on the premises of the company Klaipedos Kartonas, writes LETA/ELTA.

 

It is planned that the new biofuel boiler will generate approx. 50% of heat (steam) required for the company's technological needs. Following completion of the project, Klaipedos Kartonas will reduce the costs of thermal energy production by approx. 40%. In addition, it is planned that the project will enable to supply part of the heat generated at a lower cost to the district heating network of Klaipeda City.

 

The assistance of up to LTL 6 million (EUR 1.7 million) from the EU structural funds and the state budget was allocated for the planned Klaipedos Kartonas. Total project costs are estimated at LTL 18 million (EUR 5.2 million).

 

Investment of LTL 11.9 million (EUR 3.4 million) foresees building of a new minimum 10 MW thermal output biofuel boiler on the premises of Grigiskes AB.

 

Having regard to the current market situation, heat generated by the new boiler will enable to entirely abandon the use of fossil fuel used in production of heat required for the company's technological purposes. In addition, it is planned that the project will enable to supply heat at a lower cost to the district heating network of Vilnius City.

 

The assistance of up to LTL 5.95 million (EUR 1.7 million) from the EU structural funds and state budget was allocated. Total project costs are estimated at LTL 11.9 million (EUR 3.4 million).






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