Wed, 14 Nov 2007: Brussels questions power grid sell-off…

However, a VST report published only a year later put the value of the grid operator's long-term assets at 2.4 billion litas, four times the amount paid. The privatization threw doubt over the co...

Wed, 7 Nov 2007: Nuclear plant team being picked…

Private equity investor NDX Energija, owner of power grid operator VST, is expected to take the remaining 39 percent stake. According to preliminary estimates, the construction of the new nucle...

Wed, 14 Mar 2007: Lithuania considers own grid merger…

The task group, formed by Prime Minister Gediminas Kirkilas, should agree on the concept for the national investor company by March 31. The group comprises officials from the government, Lietuvos...

Wed, 10 Jan 2007: Nuclear negotiations get off to rocky start…

5 that all three countries should have equal stakes in the new nuclear power plant. However, he did not rule out a change of position based on Latvenergo's analysis of the many proposals surroundi...

Wed, 27 Sep 2006: Estonian Energy still ready to buy Lithuania’s RST…

20. Mikk said that Estonian Energy would purchase RST if the government announces a tender. Secretary for the Ministry of Economy, Ancietas Ignotas said that a feasibility study of the privatizat...

Wed, 23 Mar 2005: Lithuanians to trade kilowatts online…

However, our markets are relatively small. This market will be fully functioning when power grid connections with Poland, Sweden and Finland are in place," he said. Senior managers of Latvia's Lat...

Thu, 27 Nov 2003: Utility privatizations raise as many questions as cash…

We're not purchasing energy production but energy distribution. What's more, it's retail energy distribution," claimed Marcinkevicius.Marcinkevicius pointed to the consortium's experience in manag...

Thu, 29 Jul 1999: Fortum, Uhispank buy power plant…

"Fortum's interest in taking Uhispank [into the deal] was to find a strong financial partner and a possibility to accommodate itself to the local environment," said Margus Kangro, director of the ...

Thu, 18 Mar 1999: The redcoats are comingÉmaybe…

"At this time there is no decision," Kazlauskas said. "They were here only for a fairly short time and we were speaking in general terms." The government, he reports, wants to hold discussions wit...
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