Brief: Ignitis Grupe - Energijos Skirstymo Subsidiary Approved To Invest EUR 1.90 Billion In Networks For 2021–2030

Ignitis Grupe AB

07/12/2021 14:35

Dec 7 (Reuters) - Ignitis Grupe AB  IGN1L.VL :
    * SAYS BOARD OF ENERGIJOS SKIRSTYMO OPERATORIUS SUBSIDIARY
APPROVED UPDATED  INVESTMENT PLAN OF THE NETWORKS SEGMENT FOR
2021–2030
    * SAYS THE INVESTMENTS PLANNED FOR THE PERIOD OF 2021–2030
AMOUNT
TO EUR 1.90 BILLION
    * SAYS  CORE NETWORKS ACTIVITIES WILL BE CONTINUED AND THERE
ARE
NO MATERIAL CHANGES COMPARED TO THE PREVIOUS 2020–2029
INVESTMENT PLAN
    * SAYS ESO SUBSIDIARY WILL FINANCE THE PLANNED INVESTMENTS
BY
INFLOWS FROM DISTRIBUTION TARIFF, THE EUROPEAN UNION AND OTHER
GRANTS, AS WELL AS ALLOCATING OWN AND BORROWED FUNDS

Source text:  ID:nGNE9c7RXW 
Further company coverage:  IGN1L.VL 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))