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2009-07-15 14:36:15 CEST 2009-07-15 14:37:15 CEST REGULATED INFORMATION Lietuvos Energija AB - Notification on material eventLithuania, Latvia and Sweden Submitted a Tender to the European Commission for Funding of Electricity Link ProjectOn 15 July 2009, Lithuania, Latvia and Sweden submitted a tender to the European Commission for funding of NordBalt project. The tender was submitted by the Public Institution Central Project Management Agency (CPMA) on behalf of the consortium with AB Lietuvos Energija, Latvenergo (Latvia), and Svenska Kraftnat (Sweden). The estimated funding by the European Union amounts to EUR 175 million, 44 million EUR of which will be allocated to Latvian domestic network, and 131 million EUR - for the link between Sweden and Lithuania. The project intended to be completed in 2016 aims to join power supply systems of Lithuania and Sweden by laying a 350 km long cable across the bottom of the Baltic Sea and by building current converter plants in both countries. The preliminary project value is EUR 516-738 million. Head of Division of Communication Rūta Merčaitienė, phone: +370 5 278 2442 |
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