Iberdrola has signed a EUR 328 million contract to build a combined-heat and power gas-fired turbine in Lithuania. Iberdrola will build a new 444MW unit by 2012. The tender was arranged by the European Bank of Reconstruction and Development, and the bidders for the project also included the Polish unit of Canada-based SNC Lavalin, Germany-based Siemens and the Swiss unit of France-based Alstom. Lietuvos Elektrine’s current total capacity is 1800MW and it will become the major power supplier in the Baltic state after the shutdown of the ageing Ignalina nuclear power plant at end-2009.
