The story
The company was founded in 2010, after the reorganisation of the Lithuanian energy sector in accordance with the requirements of the EU's third energy package. The third energy package, approved in the European Union in 2009, stipulates the requirement to separate the transmission and production from grid ownership in the electricity and gas sectors. During 2010–2011, Litgrid took over the ownership and maintenance of the electricity transmission grid from Lietuvos energija (currently – Ignitis group), while the latter company remained the owner of the largest power plants in the country.
As from 1 October 2012, the company is fully separated from the companies that control electricity production, supply and distribution. The company is directly responsible for the implementation of 14 synchronisation projects of special national importance as approved by the Government.
From Wikipedia’s article on Litgrid, shared under CC BY-SA 4.0.5
