The European Commission has confirmed that it will spend 60 million euro to cofinance a new power line leading from Elk, north-east Poland to the Lithuanian border.
The money will be paid out from the European Regional Development Fund. The total investment is worth 193.7 million.
“The issue of energy security and supply is vital for the European Union, and we know how keenly it is felt, in particularly in countries like Poland and the Baltics States at this time,” EU Commissioner for Regional Policy Johannes Hahn said on Tuesday.
“It is the fifth major project of the ‘Poland-Lithuania power link’ to guarantee the transmission of electricity from Poland to Lithuania,” the EC wrote in a statement.
“It will also help complete the European energy market by integrating electricity energy markets of Poland and the three Baltic States of Lithuania, Latvia and Estonia and improve the power supply for companies and individual customers alike,” the statement reads.
Source:Polskie Radio - IBSnews/EC - jb
http://www.thenews.pl/1/12/Artykul/170862,EC-confirms-60-million-euro-for-PolandLithuania-power-line