05.08.2005, Panevėžio statybos trestas, VLN

PTR            Stock Exchange Release              05.08.2005



Combined Cycle Heat and Power Generation plant Construction



Panevezio statybos trestas AB (PTR) has been selected by

Panevezio Energija AB as the main contractor for Combined

Cycle Heat and Power Generation Plant construction in the

city of Panevezys. The investments for this project will

amount to 97 million Lt. (28 million euro). 



Design and construction works of the Power plant are

expected to be started by PTR in September 2005.

The completion of works is planned for March, 2007.

The Project is financed by Panevezio Energija AB,

European structural funds and the Government of Denmark.



The Combined Cycle Heat and Power Generation Plant will be

build on Panevezio Energija AB site, in Senamiescio street.

The capacity of erected  Power plant will reach 26.077 kW

electricity and 31.652 kW heat capacity.



Alanas Levinas

Chief economist

+370 45 505530

+370 686 75245