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2009-07-10 07:55:05 CEST 2009-07-10 07:56:05 CEST REGULATED INFORMATION Lietuvos Energija AB - Notification on material eventLithuania, Latvia and Sweden signed a Memorandum of Understanding on the NordBalt Electricity Link ProjectOn July 9, 2009, Lithuania, Latvia and Sweden signed a memorandum of understanding concerning a non-commercial infrastructure project aimed at linking the Baltic and Nordic electricity markets. The memorandum was signed by the public institution Central Project Management Agency (CPMA), on behalf of the consortium with Lietuvos Energija AB, Latvenergo (Latvia) and Svenska Kraftnat (Sweden), seeking to establish the objective to implement the project. Due to be completed in spring 2016, the project aims at building an intersystem link - a cable of approximately 350 km in length across the bottom of the Baltic Sea, and converter stations to connect electric power transmission systems of the Republic of Lithuania and the Kingdom of Sweden. A preliminary total cost of the project is between EUR 516-738 million. Head of Division of Communication Rūta Merčaitienė, phone: +370 5 278 2442 |
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