Sweden to invest 200 MEUR into power link with Lithuania

According to the Polish News Bulletin, the board of Swedish transmission system operator Svenska Kraftnat has decided to invest SEK2.6bn (close to LTL700m, approx. EUR200m) into the planned power link between Lithuania and Sweden, known as NordBalt.

Sweden has recently invited bids to supply cable and converters for the link. The winners should be known on 6th December 2010. Read more here.