Investor Presentaiton
33
Estonia is joining the EU electricity grid
Connection to the Continental Europe Synchronous Area key to reduce energy-related risks
• The Baltic Synchronization Project is expected to connect electricity
grids in Estonia, Latvia and Lithuania with the Continental Europe
Synchronous Area (CESA) through Poland, strengthening energy
security. The connection is expected to also enable Estonia to export
more renewable electricity to other Member States
• The project is expected to be finalized in early 2025. The Baltic power
system is already technically ready for emergency synchronization to
CESA through the existing Lithuania-Poland interconnection and the
newly installed transformers in Alytus, Lithuania. Opportunities to
speed up completion are currently being investigated
• A budget of EUR 1.8bn for the Baltic Synchronization Project has
been approved, including EUR 1.05bn support from the EU's
Connecting Europe Facility
Baltic power system
Transmission line to be built or reconstructed
Existing transmission line
Connection to the pole
Synchronous condenser
Decoupling from the Russian electricity system
Finland
EstLink 1
Püssi
Kiisa
L300
EE-LVIII
-ühendus
Estonia
EstLink 2
L301
L353
EE-LV III
ühendus
Viru
Russia
Electricity production and trade (in GWh)
15,000
10,000
5,000
-5,000
0
2013
2014
2015
2016
2017
Electricity production total
Exports of electricity
Source: Statistics Estonia
2018
2019
2020
2021
2022
Q3 2023
Imports of electricity
-Net imports
Ventspils
Riga CHP-2
Riga HPP
Latvia
Brocēni
Liksna
Muša
Telšiai
Harmony link
.
Lithuania
Sweden
Utena
IAE
NordBalt
Russia
Neris
Vilnius
Alytus
Poland
LitPat link
蛋黃酥
Belarus
REPUBLIC OF ESTONIA
MINISTRY OF FINANCEView entire presentation