Kauno Energija AB - Other information

Information regarding negotiations with UAB Kauno termofikacijos elektrinė

Kaunas, Lithuania, 2012-02-29 15:54 CET (GLOBE NEWSWIRE) -- A negotiations
group formed by AB “Kauno energija” seeking to implement a protocol decision of
the session of Kaunas city council from 8 of December, 2011, No. TP-18, had
been implementing a negotiations with UAB Kauno termofikacijos elektrinė
regarding the modification and fulfilment of Investments agreement from 31 of
March, 2003. 

A negotiations group stated that no settlement is reached at this time between
both sides and that AB “Kauno energija” intends to further proceed the
negotiations by initiating expansion of the matter of negotiations. It will be
intended to apply to the Managing Board of AB “Kauno energija” regarding the
authorization for further negotiations. 

AB “Kauno energija” expects, that a rational settlement for both sides and for
Kaunas city will be reached. The main purpose of AB “Kauno energija” in those
negotiations is to reduce the price of heat for consumers, to ensure the
cooperation from one side and to create a conditions for competition between a
producers in Kaunas city. 






















         Head of Asset Management department Jovita Sereikienė +370 37 305664