Latvian utility investing 75M EUR annually on modernization

Irena Cirule, Trade Commissioner (Latvia)

Power distribution company Sadales Tikls(ST) is planning investments of about EUR 75 million annually over the next ten years into reconstruction and modernization of the distribution system in accordance with the industry’s development trends and public demand. The company is planning to renovate 1,700 kilometers of power lines annually, at the same time revising and optimizing the overall grid coverage. 78 percent of the investments will go into reconstruction and renovation of the electricity network. Next year, 30 percent of total investments will go to reconstruction of electricity networks in densely populated areas, including in Riga center.

aerial view of park in riga
Photo by Aleksejs Bergmanis on

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