Electricity transmission system operator Litgrid reports that imported electricity accounted for 65% of the total consumption in Lithuania last year. In 2010, Lithuania's reliance on imports stood at 58%.
2012 March 5
Public Consultations on European Electricity Transmission Network Development Launched
On 1 March 2012, ENTSO-E, the European Network of Transmission System Operators for Electricity, presented its Ten-Year Network Development Plan 2012 (TYNDP). The plan contains the electricity generation and consumption forecasts, descriptions of the key European power infrastructure projects, and market integration plans. Development of renewable energy sources as well as their integration into the power transmission system has been identified as the greatest challenge in the plan.
2012 March 1
Litgrid announces interim activity results for 2011
In 2011, Litgrid group reported LTL 434.8 million in revenue. Electricity transmission services generated the major part of the total group revenue (47%). In 2011, the amount of electricity transmitted by the transmission system operator Litgrid AB for domestic needs via high-voltage electricity grids was 9.28 billion kWh, or 0.2% more than the previous year. 8.16 billion kWh, or 0.4% less than in 2010, was transmitted to distribution network operator Lesto AB, while electricity transmission to the other consumers totalled 1.12 billion kWh (an increase of 5.2%).
2012 March 1
The latest "Energy Update" issue
2012 February 8
New Version of the Law on Electricity Comes into Effect
The adopted Law on Electricity, which comes into effect on 7 February 2012, creates a legal framework for enhancing the development and competitiveness of the Lithuanian electricity market and ensures separation of activities of the electricity transmission system operator from other companies of the national electricity system. The profit rate of electricity companies shall still be regulated by the National Control Commission for Prices and Energy.
2012 February 2
Lithuanian electricity infrastructure development to prepare for the link with Sweden
Lithuanian electricity transmission system operator Litgrid signed the contract for the reconstruction of Klaipėda transformer substation. The public procurement tender was won by the consortium formed by Tetas UAB and Empower AB. The value of the contract stands at nearly LTL 55 million, with 30 per cent of the funds to be allocated from the European Regional Development Fund. The reconstruction of the Klaipėda substation is planned to be completed by the end of 2014.
2012 January 31
The latest “Energy Update” issue
2012 January 6
Litgrid Announces Tender for the LitPol Link Project
On 3 January 2012, electricity transmission system operator Litgrid announced an international public procurement for the installation of the high voltage direct current back-to-back converter station with 400 kV switchyard in Alytus. The procurement will include technical designing, obtaining of construction permits, manufacturing of the equipment as well as construction and installation works.
2012 January 2
Production of NordBalt sea cable begins
Following the completion of tests of the cable for the international power link NordBalt, the production of the cable has been launched in Sweden. The 900 kilometres long cable will take 15 months to make, the start of its installation in the Baltic Sea is scheduled for March 2014. The link is expected to function in December 2015.
