EU to invest EUR 60m in Poland-Lithuania power link
May 15, 2014
The European Commission has confirmed that it will support the construction of the electricity interconnector between Poland and Lithuania with a EUR 60 million investment.
The project will focus on building a new power line leading from Elk, north-east Poland to the Lithuanian border.
The money will be paid out from the European Regional Development Fund (ERDF). The total investment is worth EUR 193.7 million.
Johannes Hahn, EU Commissioner for Regional Policy said: “The issue of energy security and supply is vital for the European Union and we know how keenly it is felt, in particularly in countries like Poland and the Baltics States at this time.
“It is the fifth major project of the ‘Poland-Lithuania power link’ to guarantee the transmission of electricity from Poland to Lithuania,” the Commission said.
“It will also help complete the European energy market by integrating electricity energy markets of Poland and the three Baltic States of Lithuania, Latvia and Estonia and improve the power supply for companies and individual customers alike,” the Commission said.