Nordic Investment Bank (NIB), the common international financial institution of the eight Nordic and Baltic countries and Finland’s Fortum have concluded a new loan agreement totalling 70 million EUR for building a waste-to-energy heat and power plant in the Lithuanian city of Klaipeda. Fortum’s new combined heat and power (CHP) plant in Klaipeda will be the first waste-to-energy plant in the Baltic countries. The plant will be fuelled by municipal solid waste, non-hazardous industrial waste and biomass. Its future output capacity is planned at approximately 60 MW of district heat and 20 MW of electricity.
The district heat produced at the plant will replace natural gas-based heat production capacity. Switching to combined heat and power production will increase the efficiency of the energy production and decrease the greenhouse gas emissions in the region. The plant will also help reduce the disposal of waste in the local landfill.
The CHP plant is being built by UAB Fortum Klaipeda, owned by Fortum and the local energy company Klaipedos Energija. The plant is expected to commence operations during the first quarter of 2013.
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