Elektrėnai, Lithuania, 2011-08-03 17:32 CEST (GLOBE NEWSWIRE) -- LIETUVOS ENERGIJOS GAMYBA, AB (former name – AB LIETUVOS ENERGIJA), a public company organised and operating under the Lithuanian law, business ID 220551550, registered office address Elektrinės g. 21, Elektrėnai (hereinafter referred to as the “Company”), data on the Company being collected and stored in the Legal Persons’ Register, hereby specifies information released today by media about the forecasted financial results of Lietuvos energija, AB.
The statements that the overall financial result of Lietuvos energija, AB will be negative this year are unfounded and have been released without taking into consideration all circumstances that influence performance and financial results of Lietuvos energija, AB. The financial results of the electricity production activities of Lietuvos elektrinė, which has become part of Lietuvos energija, AB, are negatively influenced by fluctuating fuel (gas and fuel oil) prices, since the actual production cost price does not correspond to the electricity production cost price approved by the National Control Commission for Prices and Energy. However, the activities of Lietuvos energija, AB cover electricity production in Kruonis Pumped Storage Plant and Kaunas Hydroelectric Power Plant. Moreover, the Company provides systemic services and engages into electricity trade and supply as well as import and export activities. This year, the overall financial result of Lietuvos energija, AB will depend on the financial indicators of all types of activities. Information about performance results of Lietuvos energija, AB will be published at the procedure prescribed by legal acts.
Jūratė Kavaliauskaitė
Head of Communications, Lietuvos energija, AB
Phone: +370 619 62019
E-mail: jurate.kavaliauskaite@lpc.lt