Press Release: State aid: Commission concludes that €170 million support for Lithuanian gas-fired power plant does not constitute state aid

Author (Corporate)
Series Title
Series Details IP/08/239 (14.02.08)
Publication Date 14/02/2008
Content Type

The European Commission concluded that the planned grant of €170 million from the Ignalina International Decommissioning Support Fund (IIDSF) to support the construction of a 400 MW gas-fired power plant in Lithuania does not constitute state aid. First, Lithuania will at no stage acquire control over the resources allocated to the project. Second, the decision to support the project and on the amount of the grant is not taken by Lithuania, but by the governing body of the IIDSF, following a proposal from the European Bank for Reconstruction and Development (EBRD), who manages the IIDSF. The EU is the largest contributor to the IIDSF.

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/239&format=HTML&aged=0&language=EN&guiLanguage=en
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