Finland to sell electricity to Russia

Image
IANS Helsinki
Last Updated : Jun 07 2015 | 5:28 AM IST

Finland is all set to export electricity to neighbouring Russia on Sunday, the first time in the Nordic country's history, media reported.

The initial 13-hour feed on Sunday will amount to 320 mw, Xinhua news agency reported.

Finland and Russia had signed an agreement last year making exports possible.

Timo Kaukonen, head of planning at the Finnish national operator Fingrid, told national broadcaster Yle that the export is possible mainly because of the lower price in Finland.

The current price level can be attributed to the availability of hydro power, increasing input of windpower and nuclear power plants working at high gear, Kaukonen said.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 07 2015 | 5:08 AM IST

Next Story