UAB “INTER RAO Lietuva” will continue its supply of electricity to AB “ORLEN Lietuva”

UAB “INTER RAO Lietuva”, an independent electrical power supplier for Lithuania, signed a contract for the supply of electrical power for the year 2012, and will supply electrical power for the third year in a row to AB “ORLEN Lietuva”, a petroleum refining company operating in Lithuania, and one of the largest electrical power consumers in the Baltic countries.

“We are happy that we can continue to supply electrical power to one of the most well-known companies that have a great significance for the economy of Lithuania”, said Vidas Cebatariunas, Commercial Director of UAB “INTER RAO Lietuva”.

According to him, the solid guarantee of electrical power at competitive prices is the main advantage that UAB “INTER RAO Lietuva” can provide in the electrical power market. The fact that “ORLEN Lietuva”, a company of great strategic significance for Lithuania, entrusts its electrical supply of power to our company proves that we are able to offer the best combination of price and quality of service.

During the year 2011, approximately 530 million kWh of electrical power has been sold to AB “ORLEN Lietuva”, the company that consumes the largest amount of electrical power in the Baltic countries.

About UAB “INTER RAO Lietuva”

UAB “INTER RAO Lietuva” is an independent supplier of electricity. The company acquired this status in 2002 after the new Law on the Energy of the Republic of Lithuania had entered into force, initiating the liberalization of the electricity market and the legalization of independent suppliers and other entities in the open market. 49% of “INTER RAO Lietuva” shares are held by UAB “Scaent Baltic”, a Lithuanian investment company, while 51% of its shares are owned by the Russian subsidiary company of “INTER RAO JES” in Finland of “RAO Nordic OY”. In October, 2009, UAB “Inter RAO Lietuva” became the authorized representative of “Inter RAO JES” for the Baltic States.

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