The European bank for Reconstruction and Development has released plans to lend Lithuanian utility AB Lietuvos Elektrine €15 million to upgrade the country’s gas and oil-run Lithuanian Power Plant (LPP), which will be the country’s main electricity producer after unit 2 at the Ignalina nuclear plant closes by 2010. The money will help upgrade the LPP to meet European Union (EU) environmental standards, whilst ensuring it is technologically able to take over from Ignalina in 2009.
