VILNIUS - Lietuvos Energija (Lithuanian Energy), the state-run power utility, and Sweden's Svenska Kraftnat, the electric power transmission system operator, announced they would conduct a feasibility study into a 400 million euro cable that would connect Lithuania and Sweden's energy systems.
"We are considering all options to integrate Lithuania's energy system into the common European electricity market. However, it will only be feasible if we have as many electric interconnections with Western European and Scandinavian countries as possible," said Rymantas Juozaitis, Lithuanian Energy's CEO.
"The interconnection of Lithuania and Sweden's energy systems would be a huge step forward as we seek to ensure the reliability of electric power supply, which will be of utmost importance after the closure of Ignalina Nuclear Power Plant," Juozaitis said.
The interconnection would enable the Baltic countries to trade on the Nordic electricity market and would ensure greater reliability of supply both to the Baltic and Scandinavian countries.
The feasibility study into the connection of Lithuanian and Swedish energy systems should be completed in 2007.
