Vilnius, Lithuania, 2011-11-30 13:52 CET (GLOBE NEWSWIRE) -- LITGRID AB, the Lithuanian electricity transmission system operator, transmitted 6.84 billion kWh of electricity via the high-voltage electricity grid for domestic needs during the first nine months of 2011, or 1.8% more compared with the first nine months of 2010. The amount of electricity transmitted to the distribution network operator LESTO AB totalled 5.99 billion kWh, an increase of 0.5% compared with the respective period last year, while the amount transmitted to other consumers was 0.85 billion kWh, an increase of 12.1%.
The income of LITGRID group totalled LTL 313.2 million in January-September 2011. The income from electricity transmission accounted for 48% of the total income of the group.
The EBITDA of LITGRID group for the first nine months of 2011 reached LTL 86.9 million and the EBITDA margin was 30.6%.
In January-September 2011, the net loss of LITGRID group reached LTL 12.6 million. The main cause of the loss was the fact that depreciation and amortisation expenses in the financial statements (LTL 99.7 million during the first nine months of 2011) are significantly higher than those calculated while adjusting the transmission tariff (LTL 40.3 million).
In 2011, LITGRID invested LTL 136.4 million. Most investments, LTL 92.1 million, or 67% of the total invested amount, were related to the implementation of the strategic projects NordBalt and LitPol Link.
During January-September 2011 the special plan for LitPol Link was approved, an international public procurement of the technical project for the expansion of the Alytus transformer substation was announced, NordBalt marine test cable is being tested and the contractor for the Klaipėda-Telšiai power line construction project was selected. The investments into the reconstruction and development of the transmission grid reached LTL 44 million (32% of the total amount).
Vilija Railaitė
Head of Communications
Phone +370 5278 2361
Mobile +370 613 19977
E-mail vilija.railaite@litgrid.eu
