Fortum and Lietuvos Energija cooperate to build a waste-to-energy CHP plant in Lithuania
FORTUM CORPORATION PRESS RELEASE 15 October 2015 Fortum and Lietuvos Energija will form a joint venture to build a waste-to-energy combined heat and power plant (CHP) in Kaunas, Lithuania. The CHP plant is expected to be commissioned in the autumn 2019. UAB Fortum Heat Lietuva will be a minority owner of the new joint venture, UAB Kauno kogeneracinė jėgainė (KKJ) with up to 49% share. The total investment cost of the plant is approximately EUR 150 million, of which Fortum's direct commitment is approximately EUR 20 million. The establishment of the joint venture is subject to EC