LITGRID AB - Notification on material event

LITGRID and ABB today signs an agreement for construction of LitPol Link HVDC converter station

Vilnius, Lithuania, 2013-02-15 08:33 CET (GLOBE NEWSWIRE) -- LITGRID, the
Lithuanian electricity transmission system operator, and ABB, the global
technology group, today signs an agreement for design and construction of a
high-voltage direct current (HVDC) back-to-back converter station with a 400 kV
switchyard in Alytus. 

The value of the contract is 288 million LTL. The preliminary value of the
LitPol Link project being implemented by Lithuania and Poland is 1.281 billion
LTL. 

The HVDC back-to-back converter station that is the key element in the LitPol
Link interconnection will be built next to the Alytus transformer substation.
Construction work will begin in spring 2014 and will be completed by December
2015. A high-voltage electricity transmission line will be built, and the
Alytus substation's 330 kV switchyard will be remodelled. Operation of the
power interconnector will begin in December 2015. 


         Laura Šebekienė
         Head of Communication Department
         Tel. + 370 693 65377,
         E-mail: laura.sebekiene@litgrid.eu