EUR 41.9 million for modernisation of electricity grids
The Latvian operator of the electricity distribution system "Sadales tīkls" signed an agreement with the Ministry of Economy to draw EUR 49.1 million for investments in the electricity distribution grid modernisation until 2026. The planned projects covered by the funding include rebuilding 75km of medium voltage power lines, replacing 840 transformers, installing solar panels on 700 transformer substations, building 2,060 new connection points for the installation of EV charging stations and developing a smart electricity accounting.
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