Europe | October 22, 2024
TSO AST will receive €73.24 million ($79.42 million) to develop the transmission network and prepare for the synchronization of the Baltic states with Europe.
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Latvia, Rīga: Latvian transmission system operator AST will receive €73.24 million ($79.42 million) to develop the transmission network and prepare for the synchronization of the Baltic states with Europe. Necessary agreements were concluded with the Central Finance and Contracts Agency (CFLA) to receive funding from the EU’s Recovery and Resilience Mechanism.
€60.34 million ($65.43 million) is intended for investment in the country’s synchronization of its transmission system with the European grids. This amount will be used to finance supply and installation of the electricity storage battery system at the Rēzekne substation, development of cybersecurity solutions, as well as development of renewable resources for operation in the mode of synchronisation with Europe. The remaining €12.9 million ($14 million) will be used for the modernization of the transmission and distribution networks, across projects including construction of the digital substation in Kuldīga and the reconstruction of the green substation of Carnikava for the connection of renewable energy to the transmission network.
The funding is planned to be directed to several studies related to the achievement of climate goals and increasing the proportion of renewable energy sources (RES), including studies on trends in the growth of electricity consumption in Latvia, on innovative solutions for RES connections to the Latvian electricity transmission network, and for the study of the environmental impact assessment for the transmission network reinforcement project in Kurzeme (a 330 kV transmission line Ventspils – Brocēni – Telši/Varduva (Lithuania)).
Most of the mentioned project activities have already been started. Disconnection of the Baltic energy system from the combined energy system of Russia and synchronization with Europe is planned for February 2025. Transmission system operators of the Baltic States are currently working on the final projects.
Source: Smart Energy International
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