The Topaz Installer cable laying vessel has finished her work. In just a year and two months, with short interruptions, she laid 400 kilometres of NordBalt cable onto the bottom of the Baltic Sea. 90% of the link construction works have already been completed.
2015 May 29
Litgrid Group's results for the first quarter of 2015 announced
In the first quarter of 2015, the Litgrid Group‘s profit before tax was EUR 2.4 million, EUR 1.5 million higher than in corresponding period of 2014. Higher profit was mainly determined by lower amortization expenses due to tangible fixed assets evaluation performed last year.
2015 May 18
Average electricity market price in April 19% lower than a year ago
In April the average electricity price in the Nord Pool Spot Lithuanian bidding area was 35.61 EUR/MWh, and this is almost 20% lower than in April last year.
2015 May 11
Strict quality requirements for the reliable grid
As an electricity transmission system operator, Litgrid aims at ensuring safety and quality by taking a responsible approach towards the management of the national infrastructure entrusted to it, including maintenance of the existing grid and planning of its development.
2015 May 5
The last 50 kilometres of NordBalt cable will be soon laid to the seabed
During the month long work in 2015 the special vessel Topaz Installer laid more than 50 kilometers of HVDC cable NordBalt in the Baltic Sea. She is completing the laying of the second same length section at the moment.
There’s been three incidents in March and April this year when the commands by the Russian military navy were received by the vessels involved in the NordBalt cable installation.
2015 April 29
Construction on the NordBalt link is coming to an end
80% of the construction of the NordBalt electric power bridge between Lithuania and Sweden has been completed.
2015 April 28
Litgrid seeks partial European Union funding for electricity interconnection with Poland
Lithuanian electricity transmission system operator Litgrid submitted an application to the Connecting Europe Facility (CEF) programme for partial funding of electricity interconnection with Poland LitPol Link.
2015 April 21
LitPol Link MoU Brings Polish-Lithuanian Energy Trading a Step Closer
20 April 2015 a Memorandum of Understanding (MoU) has been signed to agree on common power trading principles for the LitPol Link, the new Lithuania-Poland power interconnection planned to open in the end of 2015.
2015 April 16
Electricity was cheaper throughout Baltic Sea region in March
In March the electricity price was the lowest since the Nord Pool Spot have been launched in Lithuania in 2012.
2015 April 2
Last 150 kilometres of NordBalt cable to be laid in the Baltic Sea
Today the NordBalt cable laying resumes in the Baltic Sea. The last 150 kilometres will be laid by the end of summer.
