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Ten-year grid development plan: investments into integration and security of supply

Vilnius, Lithuania, 2015-07-02 08:15 CEST (GLOBE NEWSWIRE) -- Litgrid, the
Lithuanian electricity transmission system operator, has prepared and submitted
to the National Control Commission for Prices and Energy Ten-Year Network
Development Plan for 2015 - 2024. The document is updated on an annual basis
and includes all critical equipment used within the power generation and
transmission infrastructure to ensure national electricity demand. 

National electricity consumption is estimated to grow by 2.6% annually on
average and is expected to reach 13.9 terawatt-hours in 2024. The service and
industrial sectors show the highest potential for growth in terms of power
consumption. 

It is estimated that 55 to 83% of the electricity demand could be provided by
the use of domestic resources. However, starting the beginning of 2016, the new
power interconnectors will increase the availability of power supply to exceed
the domestic needs by 1.9 to 2.5 times. 

“Analysis of power market statistics suggests that only 22% of the national
electricity consumption will be generated by local power plants, while the
major share will be imported,” said Mr. Daivis Virbickas, Chairman of the Board
and CEO at Litgrid. 

Investments into the electricity transmission network anticipated during the
10-year plan will reach EUR 870 million. “The major share of such investments
will be allocated to grid's integration into the networks and systems of
continental Europe and ensuring system reliability: two thirds of the
investments will be used for implementation of the strategic national goals in
the power sector, and 26% - for projects ensuring security of power supply,”
said Mr. D. Virbickas. 

A comprehensive presentation of the Ten-Year Network Development Plan for 2015
- 2024 will be held this autumn. 


         Vilija Railaitė
         Head of Communications
         Telephone (+370) 613 19977
         Email vilija.railaite@litgrid.eu