Elering announces procurement tender for construction of Estonian-Latvian power connection
Estonian transmission system operator Elering has announced a public procurement tender to find a designer and constructor of the Estonian section of the planned third Estonian-Latvian power connection, the total cost of which will be 172 million euros.
"The new Estonian-Latvian power connection is notable because a project important from the energy security and market standpoint will be carried out without burdening the wallets of Estonian electricity consumers," Elering CEO Taavi Veskimägi said in a press release.
"The EU will finance a project costing around 170 million euros with 112 million euros and the rest will be covered by Elering from cross-border capacity auction revenue," added the CEO.
The total cost of the third Estonian-Latvian power connection is about 172 million euros, 112 million euros of which the EU had decided in 2014 already to confinance. The connection, which will increase the transmission capacity used for trade between Estonia and Latvia to 600 Megawatts, is necessary for the decoupling of the Baltic states' electric systems from the Soviet-era Russian BRELL system.