Lithuania: EU backs energy efficiency - €110 million loan for smart meters and IT
(WorldNews Finland)

€110 million loan agreement between EIB and Ignitis Grupė in support of smart metering systems and IT solutions for data collection and management The operation concerns the replacement of nearly two-thirds of all meters in Lithuania and is expected to bring energy savings to the company`s clients The European Investment Bank (EIB) has signed a €110 million loan agreement with Lithuanian energy company AB Ignitis Grupė. The financing is intended to be used to install smart meters and implement IT solutions for data collection and management with the energy distribution operator AB `Energijos skirstymo operatorius` (ESO). The replacement of existing...