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Lithuania wins in British court against Alstom.

BNS/TBT Staff

France's Alstom has paid 13 million Euros in compensation to Lithuania as ordered by London's Southwark Crown Court in a case in which the French group's Swedish energy unit Alstom Power was accused of corruption in Lithuania. The money was transferred in July 2016 and will be given to Lietuvos Energijos Gamyba (Lithuanian Energy Production, or LEG), which is part of the state energy group Lietuvos Energija (Lithuanian Energy). Alstom Power (between 2004 and 2009) upgraded LEG, which was then named Lietuvos Elektrine (Lithuanian Power Plant), for 208 million Euros, installing flue gas desulphurization equipment at the plant. Neither Lietuvos Energija nor the Finance Ministry, the company's shareholder, would comment on the information about the funds received and the use of the money.

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Title Annotation:OUTLOOK
Publication:The Baltic Times (Riga, Latvia)
Geographic Code:4EXLT
Date:May 18, 2017
Words:126
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