18:00 26 May 2020
Poland and Baltic States apply to EU for €1.2bn
Transmission system operators of the Baltic States and Poland apply for €1.2 billion in EU funding to support the so-called second stage of energy network synchronization. The application for co-financing from the CEF instrument was submitted on Tuesday.
The operators of Polish Power Grids, Lithuanian Litgrid, Latvian AST and Estonian Elering include, among others, support for the construction of Harmony Link, an undersea cable connection between Poland and Lithuania.
According to PSE, the money will also be allocated to synchronous compensators, development of the transmission infrastructure and IT systems that will allow connecting the Baltic States with the power system of Continental Europe. To date, the Baltic States are in the post-Soviet IPS / UPS synchronization system.
CEF (Connecting Europe Facility) is an EU instrument for implementing investments of European significance. In 2018, Lithuania, Latvia and Estonia, as part of a joint application, have already received €323 million from CEF to develop their transmission networks. In 2019, PSE and Litgrid received €10 million in funding from this instrument for activities implemented as part of the preparation phase of the Harmony Link project.
(PAP)
