Lithua­nia to ramp up in­vest­ment in grid in­fra­struc­ture

The Baltic Times - - BALTIC NEWS - BNS/TBT Staff

Amid fre­quent power out­ages, Lithua­nia's elec­tric­ity and nat­u­ral gas dis­tri­bu­tion com­pany En­ergi­jos Skirstymo Oper­a­to­rius (ESO) is plan­ning to in­crease in­vest­ments in up­grad­ing its grid in­fra­struc­ture. ESO'S in­vest­ments un­til 2025 are cur­rently planned at 1.7 bil­lion eu­ros, but Dalia An­dri­ulion­iene, the com­pany's CEO, will seek to find more funds.

"The Price Com­mis­sion's cur­rent method­ol­ogy al­lows us to in­crease our in­vest­ment and we will do so. We have al­ready said that is pos­si­ble for us to in­vest 1.7 bil­lion eu­ros in im­prov­ing network re­li­a­bil­ity by 2025 and we are now look­ing to fur­ther in­crease that amount," An­dri­ulion­iene told the pa­per.

"We have no fi­nal amount yet. On the other hand, we do all we can to en­sure that the price of elec­tric­ity does not rise," she added.

The com­pany wants to re­place over­head lines in wooded ar­eas with un­der­ground ca­bles and to de­velop smart network in­fra­struc­ture.

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