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.
2013 May 7
New Litgrid Web Site
Litgrid, having assessed the expectations of modern information users, presents an updated, clear, thorough, and convenient web site. It will allow users to not only be familiar with the electricity sector and the high voltage electricity transmission network and follow how strategic electricity projects are being implemented but also review the country’s electricity system data live as it is continuously updated.
2013 March 28
Outstanding results in 2012 for Litgrid
The Litgrid Group’s revenue in 2012 was 508.4 million LTL, while profit before taxes was 31 million LTL. The electricity transmission system operator’s primary operations key performance indicator—electricity transmission reliability—compares favourably to European electricity transmission companies’ best results.
2013 March 15
Efficient use of electricity infrastructure to enable bigger imports of electricity from Northern Europe
The Lithuanian, Latvian and Estonian electricity transmission system operators have agreed on unified use of the Baltic electricity infrastructure, the top priority of which being the interests of consumers.
2013 March 7
Government Gives Go-Ahead for NordBalt Construction in Coastal Area
The strategic electric energy project – NordBalt electricity interconnection between Lithuania and Sweden – moves ahead without obstacles. The building of NordBalt cable in the coastline and an exclusive economic zone of the country was approved at the meeting of the Government of the Republic of Lithuania. This decision is necessary for obtaining a permit for the construction of the electricity interconnection.
2013 February 26
Country's Economic Growth Reflected by Increased Power Consumption in 2012
Demand and production of electricity increased in Lithuania last year, shows an analysis of the 2012 power system balance data conducted by electricity transmission system operator Litgrid. Gross national electricity consumption in 2012 was 10.6 terawatt-hours (TWh*), i.e. 2% more than in 2011.
2013 February 18
Litgrid and ABB signed an agreement for design and construction of LitPol Link HVDC converter station
Litgrid, the Lithuanian electricity transmission system operator, and ABB, the global technology group, have signed an agreement for design and construction of a high-voltage direct current (HVDC) back-to-back converter station with a 400 kV switchyard in Alytus.
2013 February 5
Winner Announced in Tender to Build Alytus HVDC Back-to-Back Converter Station as a Part of LitPol Link Interconnection
Successful bidders have been selected after a tendering process to carry out the design and construction works of a HVDC Back-to-Back converter station in Alytus with a 400 kV switchyard. A bid submitted by the global technology group ABB has been announced the winner of the tender based on the criteria of cost efficiency.
