The European Union's Innovation and Networks Executive Agency (INEA) on Monday signed a â¬720 million grant agreement with the electricity transmission system operators of Estonia, Latvia, Lithuania and Poland for the Baltic synchronization project. This represents the largest amount of funding ever attributed from the Connecting Europe Facility Energy (CEF-E). The project aims to better integrate electricity grids of the Baltic states with the ones of the rest of continental Europe and ensure their energy independence from third countries, the European Commission said. The commissioner for Energy Kadri Simson (Center) said the agreement marks a decisive step in the Baltic synchronization process, a project of strategic European interest that needs to be completed by the end of 2025.