VILNIUS — The Naftos Grupė company has committed to investing 300 million litai (€87 million) into a new waste burning power plant that will create 130 jobs.
The energy plant investment is welcome news on two fronts. Lithuania is in need of new job-creating ventures and it also needs new sources of alternative energy to replace the country’s shut down nuclear power plant, which it [private_supervisor]lost earlier this year. The Ministry of Economy wants to double the country’s foreign direct investment by 2015.
Naftos Grupė thinks that the investment will pay itself off in 10 – 15 years.
The plant will use Swiss technology that chemically dries municipal waste, so that it does not decay. Afterwards the dried rubbish is broken down into pieces and sorted so that products with no energy values are not fed into the furnace.
The technique means that landfills will only have between 7 – 10 percent of the waste, giving them a longer life span. It is also a renewable resource, that has been identified as one of the most advanced waste management techniques, according to the company.
The plant will process around 80,000 tons of treated waste and will produce 33.6 megawatts. Over one year, the production of the plant will be 268.9 gigawatt hours of electricity.
The plant will take 16-18 months to construct.
Plant upgrade
Another company, Systemair, plans to invest 14.5 million litai (€4.2 million) into their existing facility near Ukmergė in which 70 people will work.
Systemair has signed a letter of intent to enlarge its facility, which was built in 2005 with an investment of 20 million litai. It already employs 60 people.
Systemair operates in 38 countries and works with more than 60 other companies.
“In Ukmergė they also plan to build a research and development department and a logistics center. The logistics center will serve the Baltic countries, Belarus, Russia, Poland and other Eastern markets,” said Audrius Masiulionis of the company Invest in Lithuania told the Verslo Žinios newspaper. [/private_supervisor] [private_subscription 1 month]lost earlier this year. The Ministry of Economy wants to double the country’s foreign direct investment by 2015.
Naftos Grupė thinks that the investment will pay itself off in 10 – 15 years.
The plant will use Swiss technology that chemically dries municipal waste, so that it does not decay. Afterwards the dried rubbish is broken down into pieces and sorted so that products with no energy values are not fed into the furnace.
The technique means that landfills will only have between 7 – 10 percent of the waste, giving them a longer life span. It is also a renewable resource, that has been identified as one of the most advanced waste management techniques, according to the company.
The plant will process around 80,000 tons of treated waste and will produce 33.6 megawatts. Over one year, the production of the plant will be 268.9 gigawatt hours of electricity.
The plant will take 16-18 months to construct.
Plant upgrade
Another company, Systemair, plans to invest 14.5 million litai (€4.2 million) into their existing facility near Ukmergė in which 70 people will work.
Systemair has signed a letter of intent to enlarge its facility, which was built in 2005 with an investment of 20 million litai. It already employs 60 people.
Systemair operates in 38 countries and works with more than 60 other companies.
“In Ukmergė they also plan to build a research and development department and a logistics center. The logistics center will serve the Baltic countries, Belarus, Russia, Poland and other Eastern markets,” said Audrius Masiulionis of the company Invest in Lithuania told the Verslo Žinios newspaper. [/private_subscription 1 month] [private_subscription 4 months]lost earlier this year. The Ministry of Economy wants to double the country’s foreign direct investment by 2015.
Naftos Grupė thinks that the investment will pay itself off in 10 – 15 years.
The plant will use Swiss technology that chemically dries municipal waste, so that it does not decay. Afterwards the dried rubbish is broken down into pieces and sorted so that products with no energy values are not fed into the furnace.
The technique means that landfills will only have between 7 – 10 percent of the waste, giving them a longer life span. It is also a renewable resource, that has been identified as one of the most advanced waste management techniques, according to the company.
The plant will process around 80,000 tons of treated waste and will produce 33.6 megawatts. Over one year, the production of the plant will be 268.9 gigawatt hours of electricity.
The plant will take 16-18 months to construct.
Plant upgrade
Another company, Systemair, plans to invest 14.5 million litai (€4.2 million) into their existing facility near Ukmergė in which 70 people will work.
Systemair has signed a letter of intent to enlarge its facility, which was built in 2005 with an investment of 20 million litai. It already employs 60 people.
Systemair operates in 38 countries and works with more than 60 other companies.
“In Ukmergė they also plan to build a research and development department and a logistics center. The logistics center will serve the Baltic countries, Belarus, Russia, Poland and other Eastern markets,” said Audrius Masiulionis of the company Invest in Lithuania told the Verslo Žinios newspaper. [/private_subscription 4 months] [private_subscription 1 year]lost earlier this year. The Ministry of Economy wants to double the country’s foreign direct investment by 2015.
Naftos Grupė thinks that the investment will pay itself off in 10 – 15 years.
The plant will use Swiss technology that chemically dries municipal waste, so that it does not decay. Afterwards the dried rubbish is broken down into pieces and sorted so that products with no energy values are not fed into the furnace.
The technique means that landfills will only have between 7 – 10 percent of the waste, giving them a longer life span. It is also a renewable resource, that has been identified as one of the most advanced waste management techniques, according to the company.
The plant will process around 80,000 tons of treated waste and will produce 33.6 megawatts. Over one year, the production of the plant will be 268.9 gigawatt hours of electricity.
The plant will take 16-18 months to construct.
Plant upgrade
Another company, Systemair, plans to invest 14.5 million litai (€4.2 million) into their existing facility near Ukmergė in which 70 people will work.
Systemair has signed a letter of intent to enlarge its facility, which was built in 2005 with an investment of 20 million litai. It already employs 60 people.
Systemair operates in 38 countries and works with more than 60 other companies.
“In Ukmergė they also plan to build a research and development department and a logistics center. The logistics center will serve the Baltic countries, Belarus, Russia, Poland and other Eastern markets,” said Audrius Masiulionis of the company Invest in Lithuania told the Verslo Žinios newspaper. [/private_subscription 1 year]
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