Lithuania's Vilniaus Energija unlawfully gains 24.3 mln euros

  • 2016-09-22
  • BNS/TBT Staff
VILNIUS - Vilniaus Energija (Vilnius Energy), Lithuania's largest district heating supplier operated by France's Veolia, generated an unlawful excess profit of 24.3 million euros between 2012 and 2015, the energy market regulator disclosed on Thursday. The company operating the Lithuanian capital's heating market between 2002 and 2017 has already gained the attention of prosecutors due to non-transparent procurement and has been fined 1 million euros by the Competition Council. The manner in which the sum is to be returned to heating consume...
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