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Executing the agreement decided at the Cabinet of Ministers on 25 August 2020 and reached at the meeting of senior energy policy officials of the Baltic Council of Ministers on 31 August 2020, in accordance with the instructions of the Ministry of Economics, as well as on the basis of Article 13.1 of the Electricity Market…

News

On 21 July 2020, AS Augstsprieguma tīkls, fulfilling the task given by the Cabinet of Ministers, has concluded a transaction with PAS Gazprom for the acquisition of 34.10% of AS Conexus Baltic Grid shares, thus increasing its control in the company to 68.46%. As a consequence of this…

Development

According to the ten-year development plan for the Latvian electric power system submitted for the approval to the Public Utilities Commission (SPRK), within the period between 2021 and 2030 the Latvian electric power transmission system operator AS Augstsprieguma tīkls (hereinafter – AST) plans to invest 405 million euros…

News

SEB bank has entered into a loan agreement with AS Augstsprieguma tīkls (hereinafter – AST) for the provision of financing in the amount of EUR 116.2 million and into an overdraft agreement for EUR 20 million.

The proceeds will be used by AST to refinance the liabilities of AS Latvijas elektriskie tīkli (hereinafter…

Development

Construction works on the new 330 kV electric power transmission line of the AS Augstsprieguma tīkls (AST) development project “Third Estonia – Latvia interconnection” in Mazsalaca, Burtnieki, and Rūjiena counties are in their closing phase. In these sections the construction of the wiring…

News

In accordance with the decision of the government, the transfer of the assets of AS Augstsprieguma tīkls (hereinafter – AST) from the AS Latvenergo Group has been successfully completed. Thus, the assets of the electricity transmission network, i.e., transmission lines, substations, and related real estate, are…

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