aA
Lithuania may expect financing for its energy projects from the 315-billion-euro European Fund for Strategic Investments (EFSI, the so-called Juncker Plan), Jyrki Katainen, Vice-President of the European Commission, has said in Vilnius.
Jyrki Katainen
Jyrki Katainen
© DELFI / Tomas Vinickas

Prime Minister Algirdas Butkevičius said after the meeting with Katainen that the list of Lithuania’s projects that might be financed from EFSI now consisted of 16 projects, including cogeneration plants in Vilnius and Kaunas as well as GIPL (Gas Interconnection Poland-Lithuania).

“Those are energy projects, the generation of heat and electricity in Vilnius and Kaunas. Also, it could be the GIPL project – the gas interconnection between Lithuania and Poland. We also think that it might probably be possible to cooperate and attract some investment for housing renovation,” Butkevičius told reporters.

Asked whether Lithuania might expect financing for those projects, Katainen said that they appeared suitable.

“They sound to my ears like exactly the kind of projects that would be suitable for EFSI financing, but I want to make sure that the Commission does not select projects,” he told reporters on Friday.

“It sounds like energy connections and the others the prime minister mentioned are exactly in line with the principles of EFSI,” the official added.

The Investment Plan for Europe, which was unveiled last November, is aimed at attracting around 300 billion euros in private investments by establishing the EFSI. The fund is to be built on 5 billion euros from the European Investment Bank (EIB) and 16 billion euros from the EU budget.

The Commission estimates that the guarantee totalling 21 billion euros will help attract 300 billion euros in private funds over three years. Brussels calls on individual member states to contribute as well.

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

Ukrainians coming to Lithuania to work should be better informed about working conditions

Ukrainians coming to Lithuania to work should be better informed about working conditions after...

Leading Swiss engineering consultancy plans to double its Vilnius team

Engineering consultancy CSD Engineers has announced plans to double the size of its team in Vilnius...

Orlen Lietuva to carry its 1st cargo using rebuilt Renge section

The first freight train will go via the railway section from Lithuania's Mazeikiai to Renge in...

Maxima and Biovela face huge fines over contaminated meat

Lithuanian retail chain Maxima and meat processing group Biovela Group are facing...

MG Baltic trial: ex-MP Gustainis says charges 'plucked out of thin air'

Former MP Sarunas Gustainis , one of the defendants in a high-profile political corruption trial...

Top news

Ex-Pentagon chief Mattis awarded by president

Lithuanian President Gitanas Nauseda awarded 34 Lithuanian and foreign nationals for their merits to...

Ukrainians coming to Lithuania to work should be better informed about working conditions

Ukrainians coming to Lithuania to work should be better informed about working conditions after...

Lithuania chose its song for ‘Eurovision’!

Lithuania’s 'Pabandom iš naujo!' has come to an end. After 3 heats, 2 semi-finals and Saturday’s...

Google presented Lithuanian initiative to world

The Internet giant Google has presented its video about Debunk EU during the Google News...

Famous Lithuanian poet Navakas dies

Famous Lithuanian poet Kestutis Navakas died on Sunday at the age of 55.

|Maža didelių žinių kaina