 The cable has been suggested originally back in the 1990s by the Russian State Nuclear Power Company Rosenergoatom.In 2004, Finland based company United Power Oy, controlled by Baltenergo, a subsidiary of Rosenergoatom, submitted an official application for the submarine cable and a converter station.On 21 December 2005, a preliminary agreement of 15-years of electricity supply was signed between United Power and BasEl, representing 16 Swedish and Finnish companies.