July 25, 2017 11:10 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of UAB Kauno termofikacijos elektrine

Company Overview

UAB Kauno termofikacijos elektrine, a thermoelectric power station, produces and supplies electricity and heat to inhabitants in Kaunas, Lithuania. The company was founded in 1972 and is based in Kaunas, Lithuania. As of March 7, 2013, UAB Kauno termofikacijos elektrine operates as a subsidiary of Clement Power Venture Inc.

Taikos pr. 147

Kaunas,  51142


Founded in 1972


370 37 308 059


370 37 308 334

Key Executives for UAB Kauno termofikacijos elektrine

Head of Energijos Sistemu Servisas
Technical Director
Director of Development
Age: 52
Compensation as of Fiscal Year 2017.

UAB Kauno termofikacijos elektrine Key Developments

AB Kauno energija and UAB Kauno termofikacijos elektrine Conclude Peaceful Agreement in the Case No. 268 of Vilnius Commercial Arbitration Court

AB Kauno Energija and UAB Kauno Termofikacijos Elektrine concluded a peaceful agreement on December 28, 2015 in the case No. 268 of Vilnius Commercial Arbitration Court regarding termination of Investment agreement (including all changes) concluded on March 31, 2003 under the essential terms of peaceful agreement approved by Kaunas city municipality council on October 20, 2015 and regarding peaceful termination of the case. Concluded peaceful agreement is still subject to be approved by Vilnius Commercial Arbitration Court.

Stonys To Sell His Stake In KTE

Stonys is seeking to sell his sell his stake in UAB Kauno termofikacijos elektrine (KTE). Some unofficial sources say that Stonys seeks to sell his stake in KTE as quickly as possible and that efforts are being made to give the Chinese an impression that the project is a profitable one. Evaldas Paulavicius, Chief Executive Officer of KTE, has confirmed to BNS that the sale of a majority stake in KTE is being discussed with the Chinese company, saying that no serious investor would come to Kaunas unless it had control of the entire project. When asked if the aim might be to sell the unprofitable project to the Chinese, the CEO said that no business would invest 300 million euros without a thorough analysis of the market. "The Chinese are very well informed and they are very good at business. No business person would invest 300 million euros without carefully weighing the investment," he said.

Beijing Energy May Acquire KTE CHP Plant

Beijing Energy Investment Holdings Limited would begin negotiations on acquiring a controlling stake in UAB Kauno termofikacijos elektrine. Rimandas Stonys, co-owner of UAB Kauno said that the company was interested in acquiring at least 21% in UAB Kauno.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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