LITGRID AB - Notification on material event

Litgrid gives go-ahead for LitPol Link power line construction contract

Vilnius, Lithuania, 2013-10-01 09:44 CEST (GLOBE NEWSWIRE) -- On 30 September
2013, the management board of Litgrid gave the go-ahead for signing a contract
with UAB A. Žilinskio ir Ko on the procurement of construction works for
building a 400 kV overhead power transmission line from Alytus to the
Lithuania-Poland border, a section of the LitPol Link power interconnection.
The contract will be signed with the contractor after the expiry of the 15 day
term for postponement of the signing of the contract. 

Under the contract, which is valued at LTL 60.6 million VAT excl., the
contractor will have to carry out all works necessary for the proper operation
of the 400 kV power line. The contractor will also have to draft the project of
works, supply equipment required for the line's construction and arrange the
construction works. The construction works of the power line will have to be
carried out in 20 months following the signing of the contract. 

The international public procurement of the construction works of the LitPol
Link's power line started in April this year. A total of nine companies took
part in the process, with seven of them invited to submit their bids. 

Yesterday, September 30,  Litgrid and UAB A. Žilinskio ir Ko signed a LTL 43.5
million contract on the reconstruction of the 330 kV Alytus transformer
substation. The reconstruction should be completed by the end of 2015 to
prepare the Lithuanian electricity transmission network to be connected to the
LitPol Link interconnection. 


         Laura Šebekienė
         Head of Communications
         Ph. + 370 693 65377,
         Email: laura.sebekiene@litgrid.eu