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On Thursday, the Government of Lithuania approved the plan to set up and development EPSO-G, a state-controlled group of energy companies.
Lithuania to create state-controlled group of energy companies
© V.Cesevičiūtės nuotr.

"This way, we will implement the separation of rights of the state, as the regulator of the energy sector, and the state, as the owner, in the management of state-controlled companies engaged in the energy sector. The reform will also contribute to greater transparency and efficiency in state-owned companies," says Lithuanian Prime Minister Algirdas Butkevičius.

After the completion of the reform and establishment of the EPSO-G UAB group of companies, the state expects to save EUR 4-5 million per year.

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