Lithuania to ramp up investment in grid infrastructure
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.