OREANDA-NEWS. On 14 February 2014, the Board of LITGRID AB (code 302564383) passed a decision regarding the establishment of its subsidiary UAB Tinklo prieziuros centras. The main aim of the activities of the new company will be to prepare for installation, management and operation of the links between the power system of the Republic of Lithuania and the power systems of the Republic of Poland and the Kingdom of Sweden, as well as to accumulate competence and expertise related to the management and operation of these international power links.

The authorised capital of the established private limited liability company will amount to LTL 600 000. 100 per cent of the new company's shares will be owned by LITGRID AB.