LITHUANIA’S BOD GROUP PLANS TO INVEST IN ARMENIA – DAILY

Baltic News Service / – BNS
April 9, 2015 Thursday 7:07 AM EET

VILNIUS, Apr 09, BNS – Lithuania’s renewable energy and high-technology
company BOD Group plans to invest in Armenia, where it has found
business partners for the exports of optical lenses, and intends
to build a manufacturing facility and a solar plant in future, the
Verslo Zinios business daily reports on Thursday.

“Last week, we met with a potential business partner from Armenia and
we are working on specific plans already. We are expecting contracts,
worth between 5 and 10 million euros, this year or next. The country
would not be able to implement such projects on its own. However, it
is possible to develop renewable energy with support of the Western
countries and the Eurasian Development Bank. It may even be possible
to build an assembly plant for the latest generation modules in
concert with local partners in the future,” BOD Group CEO Vidmantas
Janulevicius told the daily.

BOD Group is part of Global BOD Group, which also includes Baltic
Disc, BRD, Baltic Solar Energy, Baltic Solar Solutions and Prior
Entertainment.