The national Privatisation Commission on Friday foiled one more try to endorse the sale of Mazeikiu Elektrine, a local power plant. "They asked for more information, so the decision was postponed until next meeting”, said Jolita Butkiene, the acting director of the marketing department at the State Lithuania Property Fund.

The government is selling a stock portfolio of 85.7 percent of the power plant to Mazeikiu Nafta, a local oil refinery. The buyer offered 17.8 million litas (5.15 million euros) for the plant.

In the middle of July, the Privatisation Commission also adjourned the deal regarding the company put up for sale.

The press reports that assets of Mazeikiu Elektrine had not been evaluated before the tender attracted the eye of top state officials.

Falkon Capital, a Czech company, was equally bidding in this tender but was excluded from the deal as it allegedly posed hazard to national security. The bid of Falkon Capital amounted to 18 million litas (5.2 million euros).

This overseas company became notorious when it had bought Russia's public debt to the Czech Republic for $550 million. Following a series of other transactions, this debt was taken over by the Russian energy giant Inter RAO UES, whose $1.35 billion debt to the state budget was eventually written off.

There were reports that Falkon Capital was selling Lithuanian electricity in Russia.

Mazeikiu Elektrine, spun off the domestic power network operator Lietuvos Energija, supplies electricity and heat to the oil refinery Mazeikiu Nafta.

The combined power plant last year bettered income by 8.9 percent to nearly 126 million litas (36 million euros). The firm had a yearly net gain of 2.97 million litas (0.86 million euros).