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JSC "Augstsprieguma tikls" will invest 509.8 million euros in the development of the electricity transmission system in the next ten years
Emitents Augstsprieguma tīkls, AS (64883LC3F12690GATG87)
Veids 2.2. Iekšējā informācija
Valoda EN
Statuss Publicēts
Datums 2023-07-18 10:27:17
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Latvian transmission system operator JSC "Augstsprieguma tikls" (AST) until 2033 plans to invest 509.8 million euros in development, of which 135.8 million euro will be co-financed by European Union funds.

"Fundamental changes are being made in the transmission network infrastructure and management technologies, by 2025 the Latvian transmission system will be fully prepared for the start of synchronous work with continental Europe. Disconnecting the Latvian electricity supply system from the network controlled by Russia and Belarus is a base condition for ensuring Latvia's energy independence.

Gradual modernization of the transmission network is also planned, by installing new anti-emergency automation equipment, improving the commercial accounting of electricity for international connections and the dispatch management system", says Arnis Daugulis, a Member of the AST Board.

In order to complete the extensive infrastructure and information, communication technology projects of the Synchronization Project, it is planned to invest 188.8 million euros, according to the Latvian transmission system development plan for 2024-2033 submitted to the Public Utilities Commission for approval.

Until 2033, it is planned to invest 21 to 30 million euros annually in the reconstruction of 330kV and 110kV substations, lines and distribution points, thus ensuring the stable operation of the transmission system, the continuous supply of electricity to the users connected to it in the required amount. In each project, AST evaluates the actual wear and tear of infrastructure objects, verifies the planned load of the objects and plans the development of the network in such a way as to prevent the transmission equipment from reaching its critical age in the long term.

The Latvian transmission system development plan also examines the dynamics of renewable energy power plant connections to the electricity transmission network, as well as prospective offshore development projects in the Baltic Sea region, including potential interconnections between Latvia – Sweden and Baltics – Germany, which in the future could provide opportunities for the export of electricity produced in Latvia.

You can find the development plan 2024-2033 on the AST website:  https://www.ast.lv/en/content/power-transmission-system-development-plan

More information:

Elina Grivane

Head of Communications

Tel. +371 27060306

E-mail: elina.grivane@ast.lv


About JSC "Augstsprieguma tīkls"

AST is the operator of the Latvian electricity transmission system, which ensures continuous, safe and sustainably efficient electricity transmission throughout Latvia. Its vision is to become the region's leading transmission system operator that promptly and successfully implements development-oriented changes. AST owns 68.46% of the capital of JSC Conexus Baltic Grid, the operator of the natural gas transmission and storage system.