Enersense and Latvian transmission system operator AST sign agreement as part of Baltic power system synchronisation project to increase energy self-sufficiency in Latvia Enersense International Plc Press release Oct 5, 2022 at 2:30 p.m. Enersense SIA, a subsidiary of Enersense International Plc, a provider of zero emission energy solutions and the Latvian transmission system operator AS Augstsprieguma tīkls (AST) have signed a new contract for the installation of synchronisation and inertial equipment in the electricity system at three different sites in Latvia. The assignment will be carried out in a consortium between Enersense and an international energy company. Enersense’s share of the contract is more than €15 million and it will be included in the fourth quarter 2022 order book of Enersense’s International Operations. The Baltic countries are to be connected to the European grid by the end of 2025. The project to synchronise the Baltic and European electricity transmission systems will involve the installation of three synchronous condenser stations in Latvia. Each station will provide at least 1900MWs of inertial power. The consortium’s energy company will manufacture the main equipment and transport it to the sites. Enersense’s tasks include the design and construction of the synchronous condenser stations, the construction of the access roads, the supply of materials and the installation work. “We are very pleased with the new agreement, which further deepens our partnership with AST and will enable us to strengthen energy self-sufficiency in the Baltics. The agreement is a significant package for Enersense SIA’s business and will strengthen Enersense’s order book until mid-2025.” says Girts Galzons, Chief Operating Officer of Enersense SIA. More information: Jussi Holopainen, CEO Tel. +358 44 517 4543 Email: jussi.holopainen@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 E-mail: tommi.manninen@enersense.com
