Brief: Litgrid Says EU Funds EUR 719.7 Million For Baltic Grid Interconnection Project

Litgrid AB

02/10/2020 09:51

Oct 2 (Reuters) - Litgrid AB  LGD1L.VL :
    * SAYS COMMITTEE OF CONNECTING EUROPE FACILITY (CEF) OF EU
INFRASTRUCTURE NETWORK ALLOCATE FUNDS TO KEY PROJECTS OF
SYNCHRONIZATION OF THE BALTIC STATES WITH THE GRID OF
CONTINENTAL EUROPE
    * SAYS PROJECT IS FUNDED WITH EUR 719.7 MILLION
    * SAYS IS SCHEDULED IN 2025 THE BALTIC STATES TO START
OPERATING
ON THE SAME FREQUENCY AS POLAND AND OTHER CONTINENTAL EUROPEAN
COUNTRIES
    * SAYS SUPPORT OF EUR 493.O MILLION ALLOCATED FOR THE
CONSTRUCTION
OF THE LITHUANIAN-POLISH INTERCONNECTOR HARMONY LINK
    * SAYS SUPPORT OF EUR 166.5 MILLION ALLOCATED FOR THE
INSTALLATION
OF SYNCHRONOUS COMPENSATORS IN LITHUANIA, LATVIA AND ESTONIA
    * SAYS THE REMAINING PART OF SUPPORT AWARDED FOR THE
MODERNIZATION
AND DEVELOPMENT/ENFORCING OF THE LOCAL GRIDS REQUIRED FOR THE
INTEGRATION OF THE HARMONY LINK INTERCONNECTION

Source text:  ID:nNDL44tnPx 
Further company coverage:  LGD1L.VL 

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