Vilnius city and Vilnius heat networks (VŠT) has already recovered from the French energy group "Veolia" part of the sum awarded by the Stockholm arbitration last November - 9,5 million. euros for the emission allowances (ATL) sold by the company in 2002-2017, the heat supplier informed BNS.
According to the company, the city and VŠT hope to recover another 22,6 million by the summer. 34,8 million euros were transferred from "Veolia" to the deposit account in December. euro compensation.
"In the arbitration court, the arbitrators awarded the city of Vilnius and VŠT 9,5 million. emission allowances worth EUR. Vilnius heat networks have already received these ATLs," said Monika Merkytė, representative of VŠT, to BNS.
Last December, Veolia transferred 34,8 million to the deposit account specified by the city municipality and VŠT in Paris. euros - the difference that arose after the sums awarded to each party by the Stockholm arbitration were settled.
"At the same time, the risk fund fee will be deducted from the awarded amount, so after deducting the amount awarded to Veolia and litigation costs, 22,6 million will be transferred to the accounts of the city of Vilnius and VŠT. euros", said M. Merkytė.
It was previously announced that the Lithuanian side will have to pay about 10 million to the Luxembourg venture capital fund "Profile Investment". EUR success fee.
According to the VŠT representative, when the company and the municipality will recover the remaining compensation funds will depend on the negotiations with the fund. The company expects to receive them by summer.
The municipality announced last year that the arbitration court recognized that "Veolia" and its controlled "Vilniaus energija" violated the terms of the 15-year (2002-2017) lease agreement of the Vilnius heating farm by illegally misappropriating ATL, and also recognized other violations of the agreement.
According to M. Merkytė, when the Vilnius heat farm was leased, "Veolia" also received ATL, a large part of which was sold on the stock exchange, and the received funds were not invested in the heat farm or pollution reduction.
"The property of the heat farm was returned not even in the same, but in a worse condition, than it was transferred for rent at the beginning of the contract, so for the fact that the heating facilities were not modernized in time, we have to purchase more ATL now," the representative of VŠT told BNS.
The VŠT intends to allocate the amount transferred by "Veolios" to investment projects, the implementation of which would reduce the company's impact on the environment and make heating cheaper in Vilnius.
This year, the Washington arbitration decision is still awaited in the case initiated by Veolios in 2016 against the Lithuanian state, in which the concern demands 79 million. EUR compensation for her investments in the Vilnius thermal farm.
Author Lukas Juozapaitis
