LT: Waste power plant to be built in Lithuania.

By bne IntelliNews May 17, 2010
Naftos Grupe announced plans to build a waste power plant, which would produce power from communal waste. The technology comes from Swiss company Matrix. It is planned that the plant would pay off in 10-15 years. Naftos Grupe plans to invest up to LTL 300mn (EUR 87mn), and create up to 130 vacancies. Donatas Jonikas, head of strategic development at Naftos Grupe, said that the company would separate no energy bearing waste such as sand, metals and would use the rest for the power generation. The company plans that using this technology only 7-10% of initial waste would end up in landfills.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335