Announcement of BALTSO and PSE-Operator S.A.

21 September 2007, 12:37

Announcement of BALTSO and PSE-Operator S.A.
Baltic States TSO-s and Polish TSO decided to entered into four-sided cooperationBALTSO – cooperation organization of Estonian (OÜ “Põhivõrk“), Latvian (AS “Augstsprieguma Tīkls”) and Lithuanian (AB “Lietuvos energija”) Transmission System Operators and PSE-Operator S.A. had their first meeting in Warsaw on 23 August 2007.

Parties agreed that there is a need for closer cooperation to achieve the integration of regional electricity markets to which they belong. The main goal of planned cooperation will be to make happen a connection between Baltics and CEE regional markets as defined by Electricity Regional Initiative of ERGEG as well as expressed into joint Communiqué of the Baltic Prime Ministers.

General terms and conditions of cooperation will be formulated in the Cooperation Agreement to be signed on 5th October in Vilnius.