Lithuania's state-owned natural gas transmission system operator Amber Grid has confirmed the resignation of its chief executive officer, Saulius Bilys.
Saulius Bilys
Saulius Bilys
© DELFI / Šarūnas Mažeika

Monday is Bilys' last day in the job he has held since June 2013. Before that, he worked as head of strategic development at the gas import and transportation company Lietuvos Dujos.

Nemunas Biknius, chairman of the management board at Amber Grid, will temporarily act as the CEO, the company said in a statement to the Nasdaq Vilnius Stock Exchange on Monday.

Bilys was forced to step down after the company missed an early October deadline for signing a contract, worth almost 100 million euros, for the construction of the Lithuanian part of the Gas Interconnector Poland-Lithuania (GIPL).

The strategic project has stalled after some bidders took court action over the bidding procedures and the Public Procurement Office (VPT) said the tender process was not transparent.

Commenting on the stalling project, Lithuanian Energy Minister Zygimantas Vaiciunas told BNS a week ago that the situation was complicated, but insisted that there was no risk yet of losing EU funding and vowed that the gas interconnection would be built by late 2021, as planned.

Alvora, a Lithuanian pipeline builder, was selected as the contractor for the GIPL project, but MT Group, the runner-up bidder, challenged the decision in court, preventing Amber Grid from signing a contract with the winning bidder.

Amber Grid planned to sign the contract, worth 79.85 million euros not including VAT, with Alvora back in September.

Amber Grid is implementing the 500-million-euro project together with Poland's Gaz-System.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Minister: budget deficit to narrow, debt-to-GDP ratio to stabilize in 2021

The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general...

One in 3 Lithuanians feels anxious about money

Thirty-nine percent of Lithuanians feel anxious about their finances every day, which adversely...

Simonyte: key budget issue is what to do with borrowed money (1)

The key question related to Lithuania's next year budget is what will be done with borrowed money...

Minister: Lithuania financially capable of withstanding another coronavirus outbreak

Lithuania would be financially capable of withstanding another coronavirus outbreak, Finance...

A new commercial bank has launched operations in Lithuania

PayRay , a Lithuanian financial sector company, has started a new page of its business service...

Top news

Only every 2nd resident would get coronavirus jab

Only half of Lithuanian residents would get a coronavirus vaccine once it is become available,...

Energy Minister: Moscow's note shows Baltics are taking right steps

Moscow 's call on Lithuania to review a new draft methodology for electricity trade between the...

China expresses resentment over Freedom Party's Taiwan independence support

The Chinese Embassy in Lithuania has on Friday expressed its resentment over the Lithuanian...

Nauseda urges to refrain from family gatherings on long weekend

Lithuanian President Gitanas Nauseda on Friday called on people to refrain from family gatherings this...

Health minister says nationwide quarantine possible

Lithuanian Health Minister Aurelijus Veryga on Friday did not rule out introducing a nationwide...

|Maža didelių žinių kaina