Lithuanian increases power exports

Published: 10 February 2004 y., Tuesday
Power exports by Lithuania's national power producer Lietuvos Energija (Lithuanian Energy) rose 10.3 per cent on the year to 7.5bn kWh in 2003, Rimantas Juozaitis, the company's director told on Tuesday. The company expects its net profit to stand at 90m litas ($33m) in 2003, Juozaitis said without providing comparisons. Last year, the company's main export markets were Belarus, which bought 4bn kWh of electric power, Russia's Kaliningrad Region, which bought 2.43bn kWh, Latvia, which bought 553m kWh, and Poland with 489.1m kWh. The company plans to shut down power unit one at the Ignalina nuclear power plant, the only (nuclear plant) in Lithuania, and thus expects its power exports to decrease 1.9 per cent this year. Lietuvos Energija's authorized capital stands at 689.5m litas. The government holds the controlling stake.
Šaltinis: pepei.pennnet.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Georgia: Kakheti Regional Road Improvement Project

The Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads. more »

The Cultural Days of the European Central Bank 2009 come to an end

“Don Quixote – Made in Romania” brought the curtain down on the Cultural Days of the European Central Bank (ECB) 2009, with an expressive combination of tap dance, folklore, pantomime and martial arts. more »

The capital of the Latvian bank AS “Latvijas Krajbanka”, managed by Bank SNORAS, increased by LTL 45 million

The Latvian Finance and Capital Market Commission permitted Mr. Vladimir Antonov, who is also the main shareholder of AB Bank SNORAS, to acquire and manage up to 33 per cent of the shareholding of the Latvian bank AS “Latvijas Krajbanka”. more »

New Asphalt Plant

On October 30, the French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. The company invested EUR 3.5 million into the new factory which is located near the old manufacturing facility to be closed soon. more »

The shareholders of AB Bank SNORAS endorsed increasing the authorized capital up to LTL 500 million

During the extraordinary general shareholders' meeting of AB Bank SNORAS, which took place on 5th November 2009, it was decided by additional contributions to increase the authorized capital of the bank by more than LTL 88 million. more »

New Asphalt Plant

The French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. more »

Baltic Banking Among the Most Advanced in CEE

“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE). more »

AB Bank SNORAS will include LTL 72.5 million bond emission in the second level capital of the bank

The Bank of Lithuania permitted AB Bank SNORAS to include in the second level capital LTL 72.5 million (EUR 21 million) worth emission of termless debt securities distributed via non-public distribution on 31st August this year. more »

Financial, Economic and Social Crisis Committee holds opening session

The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November). more »

Borderless banking

Europeans can now use direct debit from their home account to pay bills anywhere in the EU. more »