In the first quarter of 2016, Litgrid Group's profit was EUR 4.9 million, as compared to the profit of EUR 2 million during the same period of the last year. The Group's income during the quarter increased 63% to EUR 40.8 million.
2016 May 13
Invitation to Baltic Power Conference on 1 June
The Baltic Power Conference 2016 is a discussion platform for those involved in electricity sector, and for those in charge of the development of the Baltic Sea region, to discuss the present and the future of the electricity market of the Baltic Sea region. Participants from TSOs, electricity producers, DSOs, suppliers, significant grid users, industry associations, power exchanges, government and ministries, NRAs, academia, policy analysts, and media are welcome.
2016 April 26
Litgrid CEO Daivis Virbickas: the next milestone - synchronisation
NordBalt and LitPol Link – two strategic state projects that Litgrid implemented simultaneously – were undoubtedly the greatest challenges the company had ever met, although today it is clear that these interconnections were only preparation for even greater jobs, says Lithuanian electricity transmission system operator Litgrid CEO Daivis Virbickas. According to Mr Virbickas, the company has already focused its attention on another ambitious goal – synchronisation of the power system with the Continental European grid. On 27 April, Litgrid will present the key accomplishments of the past year as well as the work that is in store at its annual report event.
2016 April 25
Information about ENTSO-E public consultations
European Network of Transmission System Operators for Electricity ENTSO-E has started public consultation.
2016 April 15
Cause of NordBalt disruption being determined
On 14 April, power transmission via the NordBalt power interconnection between Lithuania and Sweden was disrupted. The reasons behind the interconnection failure are currently being determined; repair will begin once the cause and location are established.
2016 April 7
NordBalt’s testing goes as planned
Since the start of its trial operations the NordBalt power interconnection between Lithuania and Sweden disrupted three times due to malfunction.
2016 March 30
Litgrid develops a study on power flow restriction from Ostrovets power plant
The Lithuanian electricity transmission system operator Litgrid is examining technical measures to restrict the flow of electricity generated at the Ostrovets nuclear power plant to Lithuania. The advantages and disadvantages of these measures will be assessed in a study which is developed in cooperation with the scientists of Kaunas University of Technology (KTU).
2016 March 29
Litgrid renewed typical contractor agreements
The Lithuanian electricity transmission system operator Litgrid has renewed the terms of the typical contractor agreement on design and construction works. The renewed terms will be applied to newly signed agreements between Litgrid and contractors.
2016 March 8
NordBalt is ready to serve as the pillar of the power system
The NordBalt power interconnection with Sweden will be ready to operate at any time and will support the Lithuanian power system in emergency situations. This was demonstrated by the successful electricity restoration test performed on the night from March 6 to March 7. In the Klaipėda district, 24,000 consumers were provided with electricity from NordBalt only.
2016 February 23
Electricity network development projects lay the foundation for synchronisation with Europe
Having implemented the most important strategic electricity interconnection projects that connected Lithuanian and Poland with Sweden’s electricity systems, Litgrid has now focused on the national strategic goal of leading the Lithuanian electricity system towards synchronous operation with the networks of continental Europe.
