15.07.2010

EU boosts Finnish-Estonian submarine cable project with 100 million euro

A joint submarine cable project of the Finnish and Estonian electricity transmission system operators Fingrid and Elering is moving forward.

The European Commission has made a decision to grant 100 million euro for the EastLink 2 transmission link. The capacity of the new direct current link, which costs a total of approximately 320 million euro, is 650 megawatts. The link is due to be commissioned in early 2014. When combined with the first EstLink transmission system introduced in 2006 the transmission capacity will increase to one thousand megawatts.

The European Commission considers the transmission connection between Finland and Estonia very important, and for this reason it has granted an EU subsidy of 100 million euro for its further development. The subsidy is part of a broader recovery package of the EU, aiming to stimulate economic activity in the Union and also support the strategic energy policy objectives. The final execution of the project still requires that the recently-opened electricity market in Estonia continues to develop favourably.

The preliminary planning of the project together with Elering has progressed according to the schedule. The environmental, nature and water ecology studies as well as the seabed survey were completed in the early part of 2010.

The permit applications were delivered to the authorities in spring 2010, and enquiries on converter stations, cable, transmission line and substations are currently underway. The aim is to sign all the contracts still in 2010.


Source: Good news from Finland