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NordBalt

NordBalt is a project for the construction of an electricity interconnection between Klaipėda in Lithuania and Nybro in Sweden, implemented by transmission system operators Svenska kraftnät and Litgrid (Lithuania).

The aim of the project is to promote trade in electricity between the Baltic and Nordic electricity markets and increase the security of electricity supply in the region.

The link is estimated to be completed at the end of 2015.

The entire project is valued at EUR 552 million. The European Union has approved the financial support of EUR 175 million to this project. The majority part of these funds, EUR 131 million, will be used for the construction of the link and the rest for the reinforcement of Latvian electricity transmission system.

If you have any queries, please contact our communication officer, Elin Drugge, +46 (0)10 475 80 54.

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