Fingrid and Svenska Kraftnat to Extend Submarine
Oct 8, 2007 - Datamonitor
The Finnish Ministry of Trade and
Industry has granted a cross-border line permit
to the extension of the submarine cable link between
Finland and Sweden. The extension will be carried
out in co-operation between Fingrid and Svenska
The capital expenditure project of
about E300 million - Fenno-Skan 2 - will be completed
by 2010. The project will improve considerably the
functioning of the Nordic electricity market.
Jukka Ruusunen, president and CEO
of Fingrid, the Finnish transmissions system operator,
said: "The Nordic countries are committed to promoting
the electricity market through highly concrete action.
Electricity transmissions between Finland and Sweden
are presently subject to relatively random restrictions,
accounting for approximately 5% to 10% of the time.
Once Fenno-Skan 2 is ready, the restrictions will
reduce to 2%, and the volume of the market will
be at least 250 terawatt hours."
Fenno-Skan 2 will increase the electricity
transmission capacity between Finland and Sweden
by approximately 40%, integrating the Nordic electricity
market even more closely together. In practice,
the project will reduce temporary differences in
the price of electricity between the various countries
within the electricity market. The cable will also
reduce losses in the Nordic transmission grids and
improve power system security.
Fenno-Skan 2 will be an 800MW and
500KV electricity transmission connection between
Finland and Sweden. The connection will be a direct
current link. The total length of the link will
be approximately 270km, of which the actual submarine
cable will account for 200km.