Vilnius CHP biomass unit reaches full commercial operation date

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Vilnius CHP has completed construction of its biomass unit, as all necessary documents have been submitted to commence operations at full capacity.
Last December, the Vilnius CHP biomass unit had reached a partial (149 MWth, 50 MWe) COD for generating heat and electricity.
This month (May) it received certificates from the National Energy Regulatory Council to use the equipment of the biomass unit at its full capacity of 170 MWth.
Yesterday (23 May) it received a permit to generate electricity at its full capacity of 71 MWe.
This means that the Vilnius CHP construction project has been completed, including the completion of both biomass and waste-to-energy units.
The European Commission’s decision to grant the investment aid for the construction of a high-efficiency cogeneration plant in Vilnius stipulates that the sale of a part of the shares in Vilnius CHP must be started within six months of the completion of the project.
The Group informs that, considering the European Commission’s decision and in an effort to implement the asset rotation programme set out in the Group’s strategy, it is starting the process of selling minority stakes (up to 49%) in its subsidiary Vilnius CHP and other selected renewable energy companies controlled by the Group.
The sale process will be conducted in accordance with the Policy for the Full or Partial Sale of Shares in the Group's Subsidiaries.

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