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Milestones of the Estlink2 cable project

Milestones of the Estlink2 cable project. Timo Partanen Energy Market Authority Timo.Partanen@emvi.fi. Estlink2, recent development. Investment decision May 20th, 2010 Fingrid / Elering share 50/50 Capacity 650 MW Total investment cost 320 million € Commissioning early 2014

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Milestones of the Estlink2 cable project

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  1. Milestones of the Estlink2 cable project Timo Partanen Energy Market Authority Timo.Partanen@emvi.fi

  2. Estlink2, recent development • Investment decision May 20th, 2010 • Fingrid / Elering share 50/50 • Capacity 650 MW • Total investment cost 320 million € • Commissioning early 2014 • Preconditions: • 100 million € investment subsidy from EU • Positive development on the Estonian power market

  3. Recent development in the Estonian power market • Nord Pool Spot opened new Estlink –price area early April. • Fingrid and Elering rented 250MW capacity from the owners of present Estlink-cable for NPS. • Total present capacity of Estlink is 350 MW. • Elspot-procurement in Estonia exceeds 20 %. • Almost all of the available Elspot / Estlink- capacity has been used. • Finnish and Estonian prices have differed 80% of hours, so new capacity is desperately needed.

  4. Estlink and Estlink2

  5. Estlink2 interconnection cross section

  6. Estlink2 Project schedule

  7. Estlink2 Key project milestones • Seabed survey report done in December 2009 • Starting of PQ procedures for the cable and converter suppliers in December 2009 • Environmental studies and permit applications done in February 2010 • Final investment decision in May 2010 • Inquiry documents ready for the cable and converter in May 2010 • Signing of the cable and converter contracts in December 2010

  8. Thank you for your attention!

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