EU subsidy for submarine cable between Estonia and Finland
EstLink 2, the joint project by Fingrid and Elering, the electricity transmission system operators in Finland and Estonia, for the construction of a new submarine cable between the two countries is making progress. The Commission of the European Union made a decision on 8 July 2010 concerning a subsidy of 100 million euros for the EstLink 2 transmission link. The capacity of the new link costing a total of approx. 320 million euros is 650 megawatts, and it is due to be commissioned in early 2014.
Read more