Lietuvos energijos gamyba, AB - Notification on material event

Regarding the decommissioning of the units 1 and 2 of Lithuanian power plant owned by “Lietuvos energijos gamyba”, AB

Elektrėnai, Lithuania, 2014-10-20 15:47 CEST (GLOBE NEWSWIRE) -- The Board of
the „Lietuvos energijos gamyba“, AB (company code 302648707, registered office
address: Elektrinės str. 21, LT-26108 Elektrėnai, Republic of Lithuania, the
Company), implementing the strategy of the Company and taking into account the
opinion of the Supervisory Board, on 20 October, 2014 decided to decommission
units 1, 2 of the Lithuanian power plant owned by the Company starting from 1
January, 2015 (1 unit will be decommissioned starting 1 January, 2015, 2 unit
will be decommissioned starting from 1 April, 2015). 

Units 1 and 2 of the Lithuanian power plant, built in 1962-1965, are
non-competitive, require significant investment in repairs and were mainly used
for the production of heat power. They will be replaced by the new facility
which will produce heat from biofuel in Elektrėnai. 


         Valentas Neviera, Head of Corporate Communication Division, tel. +370
5 278 2908, e-mail. valentas.neviera@le.lt