On 10th September 2013 a new Board of the Lithuanian electricity transmission system operator Litgrid AB has been elected by the Supervisory board of the company.
2013 September 5
Latvian system operator, Augstsprieguma tikls (AST), becomes Nord Pool Spot shareholder
The Latvian independent system operator AS “Augstsprieguma tikls” (AST) acquired a 2% share of Nord Pool Spot on 30 August 2013.
2013 August 27
Litgrid Complies with the Requirements of EU Third Energy Package – the Company Has Been Granted a TSO Licence of Unlimited Duration
The procedure for the certification of Litgrid, Lithuanian electricity transmission system operator (TSO), was successfully completed today in accordance with the provisions of the European Union Third Energy Package that obliges the Member States to separate the electricity transmission operations from the power and gas generation and distribution.
2013 August 27
Litgrid profit increased twofold in the first half of 2013
In the first half of 2013, the Litgrid group’s pre-tax profit exceeded 30 million LTL and was more than twice as big as the previous year’s six-month pre-tax profit, which equalled 13.5 million LTL.
2013 June 11
Intraday market Elbas for Latvia and Lithuania in 2013
Nord Pool Spot is pleased to announce that its leading intraday market, Elbas, is planned introduced in both Latvia and Lithuania by the end of 2013. This completes Nord Pool Spot’s long term goal of creating a modern and integrated Baltic power market connected to the Nordic region.
2013 June 3
Baltic power market completed with successful opening of Latvian bidding area
On 3 June 2013 a new Nord Pool Spot bidding area has been launched successfully in Latvia. With this Nord Pool Spot has realised its long term goal of creating a transparent and open Baltic power market, with public, reliable prices, connected to the Nordic region.
2013 May 31
Regarding key court ruling in LitPol Link project
On May 29, 2013, the Supreme Administrative Court of Lithuania passed a final decision in the administrative case concerning the legitimacy of the environmental impact assessment (EIA) of LitPol Link’s 400 kV power line. There is no appeal against the decision.
2013 May 30
Litgrid’s 2013 Q1 results keeps up with successful previous year
The pre-tax profit of Litgrid Group made up LTL 24.4 million in 2013 Q1, compared with LTL 18.2 million in 2012 Q1. Litgrid in 2013 Q1 continues the trend of successful operation since last year, as the profit of LTL 31 million in 2012 was gained after having the loss of LTL 19.7 million in 2011. Positive results were achieved without having to raise the electricity transmission tariff, which, in fact, fell by 13 per cent from 2010 to 2012.
2013 May 24
All permits obtained for the construction of NordBalt power link in Lithuania
The construction of NordBalt power link to Sweden has been given the go-ahead – this spring Lithuanian institutions issued all permits for building the power link. The longest stage of the NordBalt project, which involved spatial planning, the design of technical solutions and obtaining permits, has been completed. The next stage will be the construction of the Lithuania-Sweden power link. It will begin in the spring of 2014.
2013 May 17
Consultancy contract signed between LITGRID and Pöyry SwedPower AB in support of the Litpol Link project implementation
On the 17th of May in Vilnius, the Lithuanian electricity transmission system operator Litgrid and Pöyry (through its subsidiary Pöyry SwedPower AB, Sweden), an international consulting and engineering company, signed a contract for provision of technical and consultancy services to support Litgrid and the joint Lithuanian-Polish project development company LitPol Link Sp. z o.o. in the implementation of the LitPol Link interconnection project. The contract value is 980 thousands litas.
