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Draft Government resolution on Litgrid unbundling submitted

Vilnius, Lithuania, 2012-05-23 15:34 CEST (GLOBE NEWSWIRE) -- On 23 May 2012,
the draft Government resolution “Regarding the Establishment of a Private
Limited Company and the Investment of State Assets”, prepared by the Ministry
of Energy, was announced through the Lithuanian Parliament information system
of legal acts. The legislation is aimed at creating the conditions for the
completion of splitting the electricity transmission business from commercial
electricity production and supply activities. 

Electricity transmission system operators' activity must be unbundled in line
with the implementation of the provisions of the European Union's Third Package
and the structural requirements that the Law on Energy of the Republic of
Lithuania raises for the electricity energy sector. 

The draft resolution, submitted for co-ordination at the interested
institutions, proposes passing the shares of the vertically-integrated Visagino
Nuclear Power Plant, UAB, to the Ministry of Economy under the right of trust,
and transferring the shares of Litgrid that are currently controlled by the
Visagino Nuclear Power Plant, UAB, to a newly-founded, state-run private
limited company that is accountable to the Ministry of Energy. 


         Laura Šebekienė
         Head of Communications
         Ph. + 370 693 65377,
         Email: laura.sebekiene@litgrid.eu