Fortum in JV to build Lithuanian CHP plant

Fortum in JV to build Lithuanian CHP plant

Fortum is to start construction on a Lithuanian energy-from-waste plant in the autumn.

The Finland-based energy group announced that a joint venture, called Kauno Kogeneracine Jegaine (KKJ), has been formed to build the combined heat and power (CHP) plant.

The €160 million project, based in Kaunas, will have electricity generation capacity of 24 MW and thermal capacity of about 70MW.

The joint venture is between state-owned Lietuvos Energija and Fortum, whose formation was announced in October 2015. Lietuvos Energija has a 51% share, while Fortum Heat Lietuva owns 49%.

Fortum will commit €27 million directly to the project and commissioning is expected in the middle of 2020.

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