Kauno Energija

Regulatory Filings • Jul 30, 2010

Disclosure 280163

Kauno Energija AB - Notification on material event

A Letter of Intent regarding possible development of energy supply projects in Kaunas FEZ signed

On 29 July 2010 a letter of intent regarding possible development of heating, cooling, electricity supply and of infrastructure development projects in Kaunas Free Economic Zone and in Kaunas city was signed between UAB The Management Company of Kaunas Free Economic Zone, AB „Kauno energija“ and UAB „COWI Lietuva“. It was agreed with this Letter of Intent to analyze the possibilities of providing the consumers based at Kaunas FEZ with heat, cooling and electricity produced out of renewable energy sources, o collectively seek for financial support for the project implementation, attracting the funds of Kauno energija, the EU and Lithuanian budget subsidies to finance the renewable energy sector, to elaborate a conceptual solution for energy supply and project financing, to implement the project provided the technical and financial concept acceptable is found. Agreements embodied in this letter of intent are expected to launch in autumn 2010. Jovita Sereikienė Head of Asset Management Department +370 37 305664