Lithuania’s and Poland’s transmission system operators (TSOs) have signed an agreement to start development activities on a new submarine link.
The so-called Harmony link will help to strengthen the Baltic Ring – a chain of electricity interconnections around the Baltic Sea and will help the Baltic states to gain full control of their electricity systems, according to Miguel Arias Cañete, the Commissioner for Climate Action and Energy in the EU.
It will also help to enhance energy security in the Baltics and will benefit energy consumers, Cañete added in a statement.
The co-operation agreement between Lithuania’s LitGrid and PSE of Poland outlines the activities that the two companies will undertake in the preparation phase of the project. An investment decision could be made in 2020, the partners said.
“Signing the Initial Cooperation Agreement is a result of several months of extensive works, which allowed to identify and plan the activities in the first part of the project. This work and the agreement itself will form a solid foundation for the first part and subsequent successful implementation of the Harmony link,” said Eryk Klossowski, PSE’s CEO.
Davis Virbickas, CEO of LitGrid, added: “The agreement signed is the first-hand evidence of professional cross boarder co-operation based on common solidarity values with every effort made to bring to life this technically complex in secure and cost-efficient way by the targeted 2025 date.”