Lietuvos energija, AB - Notification on material event

Department of Hydroelectric Power Plant is under formation by Lietuvos energija, AB

Elektrėnai, Lithuania, 2012-03-08 11:13 CET (GLOBE NEWSWIRE) -- In order to
optimise the activities of the generation section, the Board of Lietuvos
energija, AB decided by the 1st of April 2012 to establish a division of the
Company - Department of Hydroelectric Power Plants, which will merge the
departments of Kruonis PSHP and Kaunas HPP (hereinafter referred to as KPSHP
and KHPP, respectively)  into one body. 

In the end of this February, a study on merger of KPSHP and KHPP into one
structural unit was conducted, during which strengths, weaknesses,
opportunities and threats of the merger were analysed. The study showed the
merger of KPSHP and KHPP into one structural unit to be useful and efficient
because of the following reasons: 

  -- faster implementation of good practice, more efficient exchange of
     experiences at the managerial level of the power plants;
  -- implementation of a single policy in certain fields (information
     technologies, maintenance of buildings and facilities, environmental
     protection).
  -- better application of labour resources and qualification after merging
     units performing the same functions (buildings maintenance, maintenance of
     automation control systems, environmental protection, technical planning).
  -- in case of emergency caused by climatic, hydrological conditions, major
     interruption in energy system, etc., more efficient use of staff of the
     right qualification becomes possible.

The planned merger will not result in reduction of the number of employees. 
All employees of KPSHP and KHPP will retain their jobs in the Company. 
Expected benefits of the merger are associated not with the number of employees
but rather with more efficient work processes and distribution of functions. 


         Jūratė Kavaliauskaitė
         Head of Communications
         Lietuvos energija, AB
         Tel. +370 528 33691
         E-mail: jurate.kavaliauskaite@le.lt