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Press release

Press release

ÅF-International in large assignment for the City of Vilnius

The study will be carried out during 1999 and is to be completed at the beginning of November, 1999. The project is financed by Sida and will be implemented by ÅF-International. The contract is worth SEK 7,300,000.

The team of consultants will perform a thorough investigation of VDHC's operations. This includes institutional, organisational, financial and technical aspects. The project will produce proposals for developing and restructuring the operation, including investment alternatives. The objective is to develop the district heating operation so that it will meet the customers' demands and function profitably under market conditions.

The conclusions will be reported in the form of a business development plan for VDHC. The study will serve as a basis for a World Bank decision on whether to finance expansion and restructuring of VDHC.

VDHC's total power and heat capacity in its district heating plants amounts to 2,500 MW. VDHC owns a total of about 8,000 distribution pipes for district heating. It supplies heat to practically all the buildings in the city. The company was founded about 40 years ago.

ÅF-International is carrying out this project under the leadership of Peter Dannbring, together with an experienced team of consultants who are specialists in district heating technology and institutional development, as well as organisational, financial and educational experts. ÅF-International is the ÅF-Group's combined resource for projects financed by international aid. ÅF-International has a total of more than 2,000 consultants of its own in engineering, IT, environment and organisational development, as well as more than 1,000 other consultants throughout the world.

Corporate Information

For further information <br>Christer Wallroth, Chairman of the Board, ÅF-International <br>Tel. +46 - (0)8-657 10 00 <br>Kaj Sandart, Director, Corporate Information, ÅF-Group <br>Tel. +46 - (0)8 - 657 11 85 <br>