aA
The NordBalt submarine power cable between Lithuania and Sweden, which is due to start functioning by the end of 2015, casts doubts on whether Lithuania still needs a nuclear power plant.
Energy security projects cast doubt on NPP project in Lithuania
© DELFI / Šarūnas Mažeika

Lithuania is among quite few countries in Europe where electricity demand is expected to grow, by about 2.2 percent annually until 2020.

Lithuania and Latvia are paying the highest price in the wholesale electricity market. However, when electricity connections with Poland and Sweden - LitPol Link and NordBalt, respectively - start working, prices for Lithuania are expected to drop. The wholesale price of electricity in Lithuania is expected to go down 20 percent.

Robertas Staniulis, chief of market development division of Lithuania's electricity transmission system operator LitGrid, says that up until now, Lithuania could import electricity via 12 connections from Belarus, Kaliningrad and Latvia, but once the NordBalt and LitPol Link connections start working, Lithuania will have access to Western and North European electricity market. These connections will ensure better business possibilities, stronger competition in the region and, consequently, lower prices.

Vidmantas Jankauskas, energy expert and deputy president of the Lithuanian Confederation of Industrialists, says the connection with Sweden is particularly important as the country has many water-powered plants that produce cheaper electricity.

Rymantas Juozaitis, the head of World Energy Council Lithuanian committee, notes that the final rate for consumers, however, might only be 5-7 percent lower.

Mr. Juozaitis says that a new nuclear power plant would be a big burden to Lithuania and with electricity connections with Poland and Sweden, the LNG terminal, energy security issues seem to be solved.

Nuclear energy expert Saulius Kutas disagrees, saying that only by producing its own electricity can a country be completely energy secure. A nuclear power plant, therefore, is something Lithuania needs, he believes.

www.lrt.lt
|Populiariausi straipsniai ir video

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

Avalanche of ideas developed in 'Hack the Crisis' hackathon

One of the most important tasks for hackathon organizers was to identify the most pressing issues,...

Lithuania and some other EU countries ask for Mobility Package postponement

Lithuania and "like-minded" EU member states are urging the bloc's bodies to postpone the...

Oro Navigacija sees further 50 pct drop in workload after Russia halts flights

The chief executive officer of Lithuania's state-owned air navigation service provider Oro...

Intersurgical to produce 1 million respirators for medics

Intersurgical, a Lithuanian designer, manufacturer and supplier of a wide range of high quality...

Top news

Coronavirus pandemic: 533 cases in Lithuania

On Tuesday, 30th March, 42 new COVID-19 cases were confirmed in Lithuania. In total there were 533 in...

27 severe coronavirus cases in country

Lithuania currently has 27 severe COVID-19 cases and the coronavirus outbreak has not yet peaked,...

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

COVID-19 spread curve shows signs of flattening in Lithuania

There are signs that the coronavirus spread curve in Lithuania is flattening, Health Minister...

Everyone with symptoms will be tested for coronavirus

Everyone who develops symptoms of an acute respiratory infection will be tested for the new...

|Maža didelių žinių kaina