Thursday, January 27, 2011

EBRD could finance Lithuanian LNG terminal and power links

26.01.2011, 14:34

The European Bank for Reconstruction and Development (EBRD) would consider funding Lithuania’s plans for building electricity power links with Poland and Sweden, writes The Lithuanian Tribune

The EBRD could also provide a loan for a project of a liquefied natural gas (LNG) terminal in Klaipeda and initiate talks between Ingalina N-Plant and Nukem in attempt to solve problems of a delayed nuclear waste facility project, EBRD Vice-President Jan Fischer said on 25 January during his meeting with Prime Minister Andrius Kubilius in Vilnius.

“New possibilities were discussed. These possibilities are related to the infrastructure development – the power bridges with Poland and Sweden. The EBRD’s possibilities for financing the liquefied gas terminal were also discussed. They would be ready to talk about possibilities to finance such a terminal,” Mykolas Majauskas, an advisor to Kubilius Lithuanian Public Radio quoted him telling to reporters after the meeting.

Read the rest of the report here.

Source: Baltic Business News