Latvia should join Lithuanian-Swedish power cable project – Lithuanian econmin (updated)

July 26, 2007 at 10:54 am Leave a comment

As the BNS informed LT and LV econminsLithuania invites Latvia to join the project on the connection of Lithuania’s and Sweden’s energy grids via an underwater cable across the Baltic Sea.According to the agency possibilities for Latvia to join that project would be considered, Lithuania’s Economy Minister Vytas Navickas told the journalists after the Wednesday’s meeting with his Latvia’s counterpart Jurijs Strods.

The Lithuanian Minister told to the BNS that “We will organize a meeting on this project in Stockholm in September; Mr. Strods and Latvia’s experts would also be invited to take part. We will consider possibilities for Latvia to join that project. I think there should be technical possibilities for that.”

“Latvia should have a possibility to use this cable. Our energy grids are well integrated and interconnected by four high-voltage lines,” economy minister said to the agency. The feasibility study on the project should be completed by Nov. 1, Navickas reminded.Lithuania‘s state-run power utility Lietuvos Energija (Lithuanian Energy), Sweden’s energy transmission system operator Svenska Kraftnat and Sweden’s SWECO International signed a 296,600 euros worth agreement on the feasibility study on the interconnection of energy grids of two countries on Feb. 6.

Rymantas Juozaitis, Lietuvos Energija CEO, then stated to the BNS that the study would assess possibilities to connect Lithuania’s and Sweden’s energy grids via a 350-kilometre, 700 megawatt to 1,000 megawatt underwater cable across the Baltic Sea. The value of the project according to preliminary estimates is some 400 million euros. It could be implemented in 2012.
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Entry filed under: Baltic States, Energy, EU, Latvia, Lithuania, Northern Europe, Politics, Sweden.

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