The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.11 - Production of electricity
100 jobs Number of planned job creations
Announcement Date
21 October 2019
Employment effect (start)
1 January 2020
Foreseen end date
Description
Lithuanian energy company Vilniaus kogeneracinė jėgainė is to create around 100 new jobs in Vilnius in 2020. The company is building a combined heat and power plant that will increase the use of renewable energy in Vilnius. The new cogeneration power plant is expected to improve heat and energy efficiency and make more efficient use of local and renewable sources in heat energy production facilities. The plant will start operating at the beginning of 2020 and will create around 100 new jobs. The company has already started recruitment of new employees. Currently the company employs 40 employees.
Vilniaus kogeneracinė jėgainė is a member of Ignitis group of companies. Ignitis is a state-controlled company group, controlling a group of entities with more than 5,300 employees. The main activities of Ignitis include power and heat distribution and supply, natural gas trade and distribution, as well as construction and maintenance of power plants and the grid.
Sources
Citation
Eurofound (2019), Vilniaus kogeneracinė jėgainė, Business expansion in Lithuania, factsheet number 99138, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99138.
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