NordBalt cable laying ships

Lithuania’s power interconnections with Poland and Sweden to be launched within year

The construction of high voltage interconnections LitPol Link and NordBalt to connect Lithuania with Poland and Sweden is moving ahead: two thirds of NordBalt and half of LitPol Link works have been completed since last spring. LitPol Link and NordBalt will be put into operation after twelve months, at the end of 2015, Lithuanian electricity transmission system operator Litgrid said in a statement. […]

LitPol Link

Litgrid borrows EUR 65m from European Investment Bank

On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on a EUR 65m loan for a maximum period of sixteen years. The funds will be used to partially finance implementation of LitPol Link project and the new power line from Alytus to Kruonis PSHP (Pumped Storage Hydroelectric Plant), Litgrid said in a statement. […]


Liberals propose selling part of energy companies’ shares

The Liberals’ Movement has proposed selling at least 5 percent of the major state-owned energy companies’ shares. […]

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Wind electricity generation up 20 percent in Lithuania

In the first nine months of 2014, Lithuania’s wind farms generated 366.4 Gigawatt-hours (GWh) of electricity, i.e., 19.3 percent more year-on-year. Wind electricity accounted for 16.4 percent of the total electricity generated in Lithuania. […]