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Tuesday, 23.04.2024, 18:28
EU supports construction of third Estonian-Latvian electricity connection with 112 mln euros
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Estonian-Latvian third connection is formed by 339 kV high-voltage transmission lines from Harku to Sindi and Kilingi-Nõmme to Riga.
The Estonian-Latvian new connection gained the highest support rate, 65%, in the financing round of European energy sphere projects of common interest that were decided upon in August last year.
Elering uses for self-financing revenues accumulated into a special fund from cross-border transmission capacity auctions. The fund has accumulated nearly 27 million euros.
Elering board chairman Taavi Veskimägi said that Estonian-Latvian third electricity connection is a priority project. In addition to Estonia's electricity system, the connection is important for the entire Baltic single electricity market and in view of joining the continental European synchronous area.
The Estonian- Latvian third connection increases the transmission capacity between the countries by about 600 megawatts.
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