Lithuanian and Polish operators ask for EU support for submarine Harmony Link cableChristian Fernsby ▼ | June 24, 2019
Lithuanian and Polish power transmission companies Litgrid and PSE have asked the EU for financial support to carry out feasibility studies for a new Baltic submarine cable.
European businesses Harmony
"We asked for support for Harmony Link studies under the Connecting Europe Facility on June 11. for 20 mln euros together with Poland. The maximum what we can get is 50%. (…) We are asking for 4 mln euros for Lithuania. The European Commission is now looking into it," Litgrid CEO Daivis Virbickas told.
Litgrid and PSE signed an agreement on the HVDC cable Harmony Link on Dec. 21 as the Baltic states plan to synchronize their power grids with that of continental Europe.
Rimvydas Stilinis, board chairman at Litgrid, said earlier in the day the Harmony Link cable and related infrastructure will need the largest share of investment, valued at around 850 million euros, but Poland is still calculating its needs.
Lithuania and Poland hope to receive the maximum 75% funding under the CEF, or 637 mln euros, just as they got for the first stage.
In March, the European Commission endorsed funding for the first synchronization stage, giving 323 mln euros to the Baltic states, including 125 mln euros to Lithuania.
The total synchronization project costs will stand at around 1.5 bn euros, with the EU funding expected to amount to 1.12 bn euros. ■