The Belarusian company bid jointly with Kaunas-based KRS.

According to a draft government resolution that the Cabinet is to discuss next Wednesday, the Energy Ministry asks to be authorized to represent the state in potential disputes against Beltruboprovodstroj in Lithuania and abroad.

The ministry says in its note that Beltruboprovodstroy claims 10.215 million euros from the Lithuanian government in compensation for a violation of its investor rights.

Aurelija Vernickaite, an advisor to Energy Minister Zygimantas Vaiciunas, confirmed to BNS that "a 10-million-euro claim has been submitted to Lithuania over possible investor right violations and compensation for damage".

Once the ministry receives the authorization, "a legal assessment of the claim will be performed", she said.

Based on information available to BNS, the parties can still reach an amicable agreement.

Source
Topics
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
BNS
Comment Show discussion