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Swedish support for Lithuanian power
The Swedish government has decided to grant close to 1 million euros of
support for the energy sector in Lithuania.
This support is intended as partial financing for a new transformer station
with demonstration features, whose purpose will be to supply electricity to
a new sewage treatment plant in the city of Siauliai. The decision will
allow for access to a secure electricity source for the sewage treatment
plant and provide modern technology in preparation for the future
modernization of the Lithuanian electricity network.
"It is important for the sewage treatment plant in Siauliai to acquire a
secure electricity supply. A more modern, more environmentally friendly and
more efficient electricity network for Lithuania, moreover, will be a
welcome development. The government's decision will open the way for Swedish
companies to share their considerable expertise," Swedish Minister Jan
Karlsson said. (BBN)
Forestry giant to enter Latvian market
One of the biggest forestry enterprises, UPM-Kymmene, is getting ready to
enter Latvian pulpwood market.
According to Peka Rajala, deputy director of UPM-Kymmene's forestry affairs,
the corporation intends to create a new company in Latvia from their newly
established Estonian daughter company UPM-Kymmene Forest with the purpose of
buying raw materials for cellulose production units in Finland. Rajala added
that the company wanted to ensure that the delivery of goods would be
constant and stable. Industry experts assume that the prices for pulpwood
will rise due to market redivision.
When asked whether the intentions of UPM-Kymmene might be affected by plans
to build a cellulose factory in Latvia, Rajala hinted that UPM-Kymmene would
develop its plans in Latvia according to its own needs and does not
presently think that the Baltic Pulp cellulose factory will be implemented.