NordBalt cable laying ships
Energy

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
Energy

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. […]

LitPol Link
Energy

Lithuania’s LitPol link construction halfway finished

Construction of the LitPol Link power interconnection with Poland, one of Lithuania’s most important current energy projects, is rapidly pushing forward, with 45 percent of planned works now complete, Litgrid, the Lithuanian electricity transmission system operator, reports. […]

Economy

Lithuania’s Litgrid secures EUR 50 million from NIB to fund LitPol Link

The Lithuanian electricity transmission system operator Litgrid and Nordic Investment Bank (NIB) signed an agreement on Wednesday on a 50-million-euro loan for a period of ten years, said the company in a statement. […]