The European Commission has concluded that the planned grant of EUR 170 million to support the construction of a gas-fired power plant in Lithuania does not constitute State aid for two reasons. One, Lithuania will not acquire control over the resources allocated to the project. Two, the grant will be provided by the governing body of the Ignalina International Decommissioning Support Fund (IIDSF), which is managed by the European Bank for Reconstruction. The IIDSF was set up in order to pool contributions from international donors to provide support to Lithuania for the decommissioning of the Ignalina nuclear power plant and to set up the new power generation capacities necessary to compensate for the closure. The new plant will supply electricity to the grid and heat to the nearby region.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact firstname.lastname@example.orgRegister
Grant for Lithuanian gas-fired power plant does not constitute state aid
Popular articles from this firm
If you would like to learn how Lexology can drive your content marketing strategy forward, please email email@example.com.
Related topic hubs
In House Lawyer
Phones 4u Limited
"I find the Lexology service invaluable.
In common with many in-house lawyers, I have limited access to (and a limited budget for) resources and rely on receiving know-how from friends and contacts in private practice. Lexology is great as it provides a daily email with the headlines in all the areas of law that I am interested in (which are all relevant to me, as I was able to choose which areas I was interested in at registration), with links to articles from a wide variety of sources.
I tend to scroll through the daily email when I am having my lunch, reading the headlines and descriptions of the articles, and click on any items that are of interest to me - that way, I feel like I am kept 'in the loop' with legal developments.
In addition to the daily email, I find the articles themselves very helpful - they set out the legal principle but most importantly, they 'boil it down' to the practical implications. When I am doing legal research, I also find the archive search function very helpful.
I have recommended the service to quite a few friends who have also found it very helpful."