Latvia’s power distribution system operator Sadales tīkls signed an agreement to receive 41.9 million euros from the Recovery Fund, in order to modernise the electricity distribution system while keeping the safety of the energy supply and increasing the integration of renewable energy sources.
“Additional investments will be made using the Recovery Fund for the modernisation of Latvian electricity grids, promoting the integration of renewable energy sources,” emphasised the Minister of Economy Ilze Indriksone, mentioning also the need to increase the electricity supply for the growing number of electric vehicles chargers.
“The support from the Recovery Fund is invaluable to the overall strengthening of the power supply system,” added Sandis Jansons, the chairman of the board of Sadales tīkls.
Several other projects are expected to be beneficiaries of the Fund until May 2026. For example, it is planned to rebuild around 75 kilometres of medium voltage power lines, increasing the availability of connections in specific areas and the replacement of 840 transformers.
The whole modernisation project will be worth around 80 million euros.