Fingrid Oyj and Elering OÜ have completed the Estlink 1 transmission cable transactionThe grid network companies Fingrid Oyj from Finland and Elering OÜ from Estonia have completed the Estlink 1 transmission cable transaction.Previously, the transmission system operators have rented the cable capacity from its owners, AS Nordic Energy Link ("NEL") and its subsidiary N.E.L. Finland Oy. NEL's shareholders are Eesti Energia AS (39.9%), AS Latvenergo (25%), Lietuvos Energijos Gamyba AB (25%) and Finestlink Oy (10.1%).
The transaction was announced on 27 November, 2013.
Jukka Ruusunen, President & CEO, Fingrid, tel. +358 30 395 5140
Kari Kuusela, Executive Vice President, Fingrid, tel. +358 30 395 5129
Marina Louhija, General Counsel, Fingrid, tel. +358 30 395 5289