Latvia: AST to invest over EUR 500mn in electricity transmission system in 2024-2033

Latvia’s electricity transmission system operator, Augstsprieguma Tikls (AST), plans to invest EUR 509.8mn in the transmission network in 2024-2033, LSM reports. EU support will cover EUR 135.8mn of the total sum. AST will invest in the infrastructure and management technologies of the electricity transmission network to prepare for the synchronisation of the Latvian power grid with the continental European system by 2025. ICT investments related to the synchronisation project will amount to EUR 188.8mn. Also, AST will invest EUR 21-30mn annually in the reconstruction of substations, power lines, and distribution points. In addition, the company will study potential investments in connecting renewable energy power plants to the transmission network and in possible new interconnections with Sweden and Germany.