Vilniaus Energija (Vilnius Energy), Lithuania's biggest district heating supplier controlled by France's Veolia, has asked the Stockholm arbitration to appoint an independent asset valuer in protest of the valuers selected by the municipal company Vilniaus Šilumos Tinklai (Vilnius Heating Grid, VST ).
Vilniaus energija
© DELFI / Orestas Gurevičius

"Yes, we filed the claim in early December. We are asking the Stockholm arbitration help appoint a n expert to value the heating sector, as we fear that we are running out of time for general assessment until the end of the lease period of the heating company," Nerijus Mikalajūnas, spokesman for Vilniaus Energija, told BNS.

VST CEO Mantas Burokas said that after Vilniaus Energija had turned to the Stockholm arbitration, VST had asked for the decision to be made as early as possible. In his words, a decision is expected by Jan. 2, and the independent asset valuer should be assigned by February.

Mikalajūnas said VST unilaterally chose the asset valuer, which is a violation of the lease contract.

"We never approved of unilateral appointment of experts, as this violates the lease contract. (…) We are not saying that the selected valuer is biased or unbiased, as they were appointed unilaterally," said the spokesman for Vilniaus Energija.

In July, VST signed a 229,000-euro contract with a consortium of Elektrenu Energetikos Remontas (EER) and Inspecta . After the property including over 33,000 objects is valued, it should be clear which party would have to compensate the other for 15 years of investments in the heating sector.

Some experts say the value of the heating sector may be below the 2002 level when the sector was leased, which means that Vilniaus Energija would have to pay a compensation to the city.

In January, Veolia filed a claim against Lithuania with the Washington arbitration, demanding compensation of about 100 million euros in damage caused by allegedly unfair state conduct and appropriation of the company's investments in Lithuania.

Įvertink šį straipnį
Norėdami tobulėti, suteikiame jums galimybę įvertinti skaitomą DELFI turinį.
  • 1
  • 2
  • 3
  • 4
  • 5
(0 žmonių įvertino)
0
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuania now has substantial legal arguments to deny access for electricity produced in the unsafe Astravyets Plant

On 7 February 2019, the Meeting of the Parties to the Convention on Environmental Impact Assessment in...

Lietuvos Energija calls for strategic partners to develop offshore wind energy projects

Lietuvos Energija , one of the largest state-owned energy companies in the Baltic States, announces...

Belarus picked site for Ostravyets NPP in violation of convention - Espo

On 7 February, the Meeting of the Parties to the Espoo Convention in Geneva decided that Belarus had...

Lithuania to purchase liquefied natural gas from Total

Lithuania has signed a liquefied natural gas (LNG) purchase contract with energy company Total Gas...

Lietuvos Energijos Gamyba initiates a unique pilot project in the Baltics – a battery energy storage system in the Kaunas hydropower plant

Lithuanian state-owned enterprise Lietuvos Energijos Gamyba , a part of Lietuvos Energija Group,...