An assessment of the cogenerated electrical energy potential for Lithuania
Purpose - To analyze the structural changes in electrical energy production sector caused by rapidly growing economy and Lithuania's international environmental commitments to the EU and international organizations. Design/methodology/approach - The case study estimates the environmental-financial aspects of cogeneration system to be implemented at the boiler house. After quantitative estimation of the electric energy demands the financial comparison of long and mid-term environmental measures is presented. Findings - The study responds to European strategy towards doubling the amount of cogenerated electrical power and provides financial-environmental estimates of cogeneration installations. Research limitations/implications - Installation and maintenance of co-generation system requires high investments, however, in a long-term perspective it would result in a substantial environmental and financial effect. Practical implications - The proposed scheme could be adjusted to the local conditions of the individual country as one of energy production options to bring about a sustainable energy future. Originality/value - The analyzed quantitative assessment of national cogenerated energy potential serves as a tool for implementation of sustainable energy production in practice.