Investors are showing strong interest in projects developed by Ignitis Group, including a stake of up to 49 percent in the recently completed Vilnius combined heat and power plant, Jonas Rimavicius, the state-controlled energy group’s CFO, said on Wednesday.
“We do not comment on progress until purchase agreements are signed, but overall, we see strong interest in our assets, which are well developed, built and have long-term purchase agreements (PPAs). Vilniaus Kogeneracine Jegaine (Vilnius Cogeneration Power Plant, VKJ) is part of these assets,” he told a webinar in response to a question about the process of the plant’s shares.
Following the completion of the CHP plant’s biomass unit in May, Ignitis Group announced that it would initiate the sale of minority stakes of up to 49 percent in VKJ and other selected renewable energy companies controlled by the group.
Vilniaus Silumos Tinklai (VST), Lithuania’s largest heat supplier, told BNS in May that it was not ruling out buying up to 49 percent of shares in VKJ. Other market participants have not yet commented on their plans.
Andrius Kasparavicius, spokesman for Gren Lietuva, a Finnish-owned company that holds a 49 percent stake in the Kaunas combined heat and power plant, which is 51 percent owned by Ignitis Group, said that the company was aware of the possibility of buying 49 percent of the Vilnius CHP plant, but had not made any decisions yet.
Ignitis Group told the 15min news website back in 2022 that it had been obliged by the European Commission and the European Investment Bank to keep 100 percent of shares in VKJ until the completion of the project and then announce an open tender for the sale of a 49 percent stake to a private partner.
Source: BNS
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