Vilniaus Degtine AB - Notification on material event

About designation of the project funds

Europian Union structural funding designated funds for „Vilniaus Degtinė“ AB
prepared project „The use of stillage for electricity production“. General
value of the project is around 20 mln. LTL , the part of EU structural funding
- 9 992 000 mln. LTL (2 893 883 EUR).  Even this year it is planned to start
construction planning for cogeneration power plant (installed electrical power
- 1,5MW, thermal power - 1,66 MW), which will use stillage for biogas
production. Biogas production from stillage will supply company with thermal
energy and electricity; excess of electricity will be sold to distributive
network.  Project will be implemented not only to reduce energy costs and to
modernize the use of waste from alcohol production, but also to reduce
environmental pollution. 

Additional information could be provided by production director 
Aistė Bartašiūtė, +370 5 2330340


Director General
Danas Kerbelis