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Thursday, 25.04.2024, 07:50
Synchronization could cost Lithuanian consumers no more than NordBalt - minister
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"We are speaking about (an additional) 0.2 euro cents
(to the electricity price)," he added.
The European Commission is expected to announce in early
February its decision on EU funding for the first stage of the synchronization
project, which is estimated to cost 1.5 billion euros in total.
The three Baltic countries are asking for 432.5 mln
euros in funding for this stage of the project. The EU is expected to
cover 75% of the cost.
"We have to work in a focused and intensive way to
secure the maximum EU funding rate for other parts as well, including
the submarine cable, which will probably cost the most," Vaiciunas
said.
Lithuania, Latvia and Estonia plan to synchronize their
power grids with the European system by 2025.
Under the plan, the synchronization will take place via the
existing Lithuanian-Polish LitPol Link and a new submarine cable between the
two countries.
The Baltic grids are still part of the post-Soviet BRELL
ring, which also includes Russia and Belarus, and remain dependent on the
control center in Moscow and the Russian electricity system.
«The Baltic Course» Is Sold and Stays in Business!
