TALLINN - Finnish power company Fingrid has announced that it will invest in a 650 megawatt underwater electricity cable connecting Finland and Estonia.
The total cost of the EstLink 2 project is expected at around 320 million euros and the direct current connection would be built in cooperation with Estonia's Elering, Fingrid said in a statement.
"The new connection will also increase the supply security of electricity in the Baltic Sea region. The goal is that the new link will be brought to commercial operation at the beginning of 2014," the company said in a statement.
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