|
|||
2021-12-07 15:30:00 CET 2021-12-07 15:30:00 CET REGULATED INFORMATION Ignitis grupė - Notification on material eventUpdated 10-year investment plan of the Networks segmentAB “Ignitis grupė” (hereinafter – the Group) informs that the Supervisory Board of its subsidiary AB “Energijos skirstymo operatorius” (hereinafter – ESO) on 7 December 2021 approved the updated 10-year investment plan of the Networks segment for 2021–2030 (hereinafter – the Investment Plan) (link). The investments planned for the period of 2021–2030 amount to EUR 1.9 billion. They are going to be allocated for improving reliability, resilience and digitalisation of the electricity and gas distribution networks. The core Networks’ activities will be continued, and there are no material changes compared to the previous 2020–2029 Investment Plan. The planned investments will be allocated towards the two core activities – increasing network reliability and efficiency as well as facilitating the market and customer experience:
ESO will finance the planned investments by inflows from distribution tariff, the European Union and other grants, as well as allocating own and borrowed funds. Investment projects established in the Investment Plan will be coordinated with National Energy Regulatory Council (hereinafter – NERC). Until now, the Investment Plan was updated annually, however, NERC did not have an obligation to approve it formally. Starting from 2022, the Investment Plan will have to be submitted, according to the procedure set out in the legal acts for NERC approval every two years. The adoption and implementation of specific solutions in pursuit of the objectives (including their scope, period, financing method and other aspects) will depend on the economic, legal and other factors that can impact the adoption of the solutions and their efficient implementation. The investments will be coordinated, according to the procedure set out in the legal acts, with the regulatory authorities, therefore, they cannot be considered as ultimate investment decisions or used as basis for performing other actions. For more information please contact: Artūras Ketlerius |
|||
|