The long-term power system adequacy analysis of the Baltic countries, which has been carried out for the first time by the electricity transmission system operators of Lithuania, Latvia and Estonia, has shown that the existing double-circuit Lithuanian-Polish power interconnection could be sufficient for the synchronisation of Baltic power systems, after the system is prepared and tested to operate in isolated mode. Moreover, according to the analysis, new reliable and flexibly operating power plants should be built in the Baltic States in eight years to ensure the smooth operation of power systems and the security of supply. The Lithuanian Minister of Energy, Žygimantas Vaičiūnas, says that many inefficient and uncompetitive power plants in the Baltic countries will be closed in the next period and we must agree and decide at the regional level on new reliable, flexible and efficient power generation sources. “We are faced with two alternatives – either to build these sources on a market basis or through state subsidies. The current situation on the market is not encouraging the development of new generation sources, while making a decision on subsidisation is always complicated, therefore, we must prepare for serious discussions”, he underlined. The available data shows that new power generation sources to be built in the Baltic countries by 2032 will have a total capacity of just 272 MW, compared with a total capacity of 2 315 MW of power plants scheduled for closure by this time. CEO of Litgrid AB, a CEEP member, Daivis Virbickas, declares that “beyond 2025, the demand of the Baltic power system reserve will increase from 700 MW to 2 000 MW. In [...]
Two new international electricity interconnections, the LitPol Link and NordBalt, have placed Lithuania and the Baltic countries firmly back on the map of Europe’s electricity grid. A new energy victory, symbolically commemorated end of 2015. “Over the past five years, we’ve gained invaluable experience, while simultaneously implementing two strategic projects involving high technology, which is the first of its kind in the Lithuanian grid. We’ve accomplished the huge NordBalt and LitPol Link projects with like-minded partners in Poland and Sweden, and our unity and trust in each other is an example for all Europe: by co-operating with neighbours, we can create a single and sustainable energy market in the EU”, Daivis Virbickas, CEO and Board Chairman of Lithuanian electricity transmission system operator, Litgrid, declared. Lithuania is connected to Poland and Sweden, using high voltage direct currents. This technology is designed to connect asynchronous grids, transmit power over long distances with lower losses, and control electricity flows. [Tweet "Daivis Virbickas: LitPol Link and NordBalt have removed the last infrastructure barriers in the Baltic region"]According to Mr. Virbickas, LitPol Link and NordBalt have removed the last infrastructure barriers in the Baltic region, and now, all efforts are being aimed at new ambitious goals - single electricity market projects, and the synchronisation of the Baltic countries with the electricity system of Western Europe. The construction of both interconnections will be the single largest investment in the Lithuanian electricity system since the re-establishment of independence. By 2020, the demand for electricity in Lithuania, Latvia and Estonia will rise by 1.1% annually. As soon as the NordBalt and LitPol Link begin to be fully [...]
In a few words
We represent the widely understood Central Europe energy sector (electricity generation, distribution and transmission, renewables, gas, oil, heat generation and distribution, chemical industries, etc.), universities and scientific institutions.
The Atlantic Council Global Energy Forum is the premiere international gathering of government, industry, and thought leaders to set the energy agenda for the year. Now in its fifth year, the Forum has emerged as the go-to energy conference to discuss the geopolitical and market issues confronting the energy industry in the coming year, develop new partnerships, and demonstrate thought leadership on global energy trends.
The 2021 Forum will have a special focus on the post-pandemic energy system, emerging net-zero carbon goals, the role of the Middle East in the energy transition, and the US’s energy and foreign policy priorities in the Biden administration.
Offered in a new virtual setting, the 2021 Forum will feature our Atlantic Council conference app that allows participants to network directly with one another, ask questions during live events, post on virtual boards, and connect with featured sponsors. The latest agenda is posted on the website and the list of confirmed speakers can be found here