Lithuania's state-controlled Lietuvos Elektrine (Lithuanian Power Plant, or LPP) has invited international bids to design and build a new combined cycle gas turbine plant (CCGT) with a capacity of 350 to 450 megawatts (MW), the Economy Ministry said on Wednesday.
The project, worth an estimated 720 million litas (EUR 209 mln), is part of ongoing upgrades at the LPP, which will become the main generator of electricity in Lithuania after the shutdown of the Ignalina Nuclear Power Plant (INPP) in 2009. The CCGT project will be financed from the Ignalina International Decommissioning Support Fund, which is administered by the European Bank for Reconstruction and Development (EBRD), and other resources, the ministry said. The new plant will produce electricity at around half the cost of power generated by the existing units of the LPP.