Latvian cogeneration plant embroiled in bribery scandal

The Riga 2ndCogeneration plant in Latvia is at the centre of a multimillion euro bribery scandal.

The country’s Corruption Prevention Bureau found that executives from Latvian power group Latvenergo received around $10m in bribes, and were about to receive another $14m, when the bribe was intercepted.

The bribery occurred during the reconstruction of the Plavinas power plant and the Riga 2nd cogeneration plant, and may involve a total of 17 persons, according to Baltic Business News.
Latvenergo President Karlis Mikelsons
Suspects include former Latvenergo President Karlis Mikelsons (pictured).

The cost of the second round of the 2nd cogeneration plant reconstruction, but the largest part of the bribe, about $14m, was intercepted after several persons were detained within the Corruption Prevention Bureau’s criminal case in June 2010.

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