|Emitents||Augstsprieguma tīkls, AS (64883LC3F12690GATG87)|
|Veids||2.2. Iekšējā informācija|
AST, Elering, Litgrid and PSE, the electricity transmission system operators (TSOs) of the Baltic countries and Poland, signed the grant agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA) for EUR 170 million of EU support which will help to finance the planned investments under the project Phase 2 part II of the Baltic Synchronisation.
The grant agreements assume the financial contributions of the following amounts: Polish PSE – EUR 75 million, Latvian AST - EUR 37 million, Lithuanian Litgrid - EUR 31 million, and Estonian Elering – EUR 27 million. Funds will be spent on enhancing power lines and substations, implementation of battery energy storage systems, as well as boosting IT control systems and power automatics. The total amount of funding from CEF synchronisation Phase 2 part II eligible costs is EUR 230 million, where 75% will be co-funded from CEF.
The European TSOs community is consequently implementing the synchronisation process of three Baltic States’ electricity systems with the Continental European Synchronous Area. They are currently operating together with the Russia-controlled IPS/UPS system. Additional infrastructure will not only allow for a smooth synchronization process but also enable new market opportunities and strengthen the regional energy security.
CEF is the key EU funding instrument, established to promote growth, jobs, and competitiveness through targeted infrastructure investment at the European level. It supports the development of high-performing, sustainable, and efficiently interconnected trans-European energy networks.
More information on the synchronization project is available on the Synchronization with Europe section of the AST website.
About JSC “Augstsprieguma tīkls”
AST is a Latvian electricity transmission system operator that provides continuous, safe and sustainably efficient electricity transmission throughout Latvia. Its vision is to become the leading transmission system operator in the region, which operatively and successfully implements development-orientated changes. AST owns 68.46% of the shares in the natural gas transmission and storage system operator JSC "Conexus Baltic Grid".