Lietuvos Energija, PSE Operator (Poland) Created JV LitPol Link
OREANDA-NEWS. On May 19, 2008 CEOs of electricity transmission system operators Lietuvos Energija and PSE Operator (Poland) signed articles of association of joint venture LitPol Link, which will implement the interconnection project of Lithuanian and Polish power systems, reported the press-centre of Lietuvos Energija.
The project implementation venture LitPol Link shall prepare a technical project, revise and approve routes of the new power lines, conduct an environmental impact assessment, address issues of land acquisition, permits, licensing, perform other preparatory works.
Lietuvos Energija and PSE Operator will each own 50 per cent of the joint venture shares. It is expected that the new enterprise will be registered in June.
During the ongoing meeting the company’s Board of Supervisors and CEO will be elected.