 |
| Company type | State owned |
|---|---|
| Industry | Electricity |
| Founded | 1939 |
| Headquarters | , |
Key people | Mārtiņš Čakste (CEO) |
| Revenue | 1,065 MEUR (2021) |
| 72 MEUR (2021) | |
| Total assets | 3,476 MEUR (2021) |
| Total equity | 2,123 MEUR (2021) |
Number of employees | 3150 (2022) |
| Website | www |
Latvenergo is a state-owned electric utility company in Latvia. Latvenergo Group provides energy supply services in the Baltics.
The Group comprises the parent company Latvenergo AS, with decisive influence, and five subsidiaries. Latvenergo AS ensures generation and trade of electricity and thermal energy as well as trade of natural gas. Sadales tīkls AS ensures electricity distribution to each customer. Elektrum Eesti OÜ and Elektrum Lietuva UAB conduct electricity trade in Estonia and Lithuania respectively. Enerģijas publiskais tirgotājs AS carries out administration of electricity mandatory procurement.
Latvenergo has four hydroelectric power plants: Pļaviņu HES, Rīgas HES, Ķeguma HES and Aiviekstes HES, with total installed capacity of 1535 MW, two combined heat and power plants with total electrical capacity of 474 MW and heat capacity of 1525 MW and a wind farm near Ainaži with installed capacity of 1.2 MW. [1]
The company traces its origins to the establishment of the Ķegums HPP in 1939, when the State Electricity Company "Ķegums" was established on 22 December by a decision of the Cabinet of Ministers. [2] [3]
The current name was first used in the 1980s, but a similar name appeared as early as 1941, when private power plants and electricity grids were nationalised after the occupation of Latvia and the state energy authority "Latenergo" was established. During the Latvian SSR, several large power plants were built and the state energy industry was restructured several times. In 1989, Latvenergo, a production association subordinated to Latvian institutions, was established. [4]
On 30 June 2021, the Estonian subsidiary Elektrum Eesti acquired several microgrid service companies (Energiaturu Võrguehitus OÜ, SNL Energia 1 OÜ and Baltic Energy System OÜ) owning substations with their own customer base, [5] managing 53 MW of electricity connections and transporting almost 80 GWh of electricity per year; the transaction was cleared by the Estonian Competition Authority on 3 August.
On 22 July 2022, the company Latvijas vēja parki SIA was established together with JSC Latvijas valsts meži for the production of wind energy. Latvenergo acquired 80 % of the shares in the new company and Latvijas valsts meži 20 %. It is planned to install 100 to 120 wind generators in several large wind parks with a total capacity of around 800 MW, generating 2.4 TWh of electricity per year. [6]
Raimonds Vējonis is a Latvian politician who served as the 9th President of Latvia from 2015 to 2019 and the president of the Latvian Basketball Association since 2020.
Eesti Energia AS is a public limited energy company in Estonia with its headquarters in Tallinn. It is the world's biggest oil shale to energy company. The company was founded in 1939. As of 2014, it operates in Estonia, Latvia, Lithuania, Finland, Jordan and Utah, United States. In Estonia, the company operates under the name Eesti Energia, while using the brand name Enefit for international operations. The main raw material for energy production – oil shale – is extracted from mines located in Eastern-Estonia and owned by the company. The group of Eesti Energia has three main operation areas: electricity generation, shale oil production, and sale and distribution of electricity. Its shares are owned by the Government of Estonia.
The Narva Power Plants are a power generation complex in and near Narva in Estonia, near the border with Leningrad Oblast, Russia. The complex consists of the world's two largest oil shale-fired thermal power plants, Eesti Power Plant and Balti Power Plant. In 2007, Narva Power Plants generated about 95% of total power production in Estonia. The complex is owned and operated by AS Narva Elektrijaamad, a subsidiary of Eesti Energia.
Viru Keemia Grupp is a private Estonian large-scale industrial enterprise. It focuses on oil shale mining, shale oil, combined heat and power production and production and marketing of fine chemical products.
As of 2023, Estonia has a wind power installed capacity of about 376 MW. All operational wind farms in the country are on land. Offshore wind farms are planned on Lake Peipus and in the Baltic Sea near the island of Hiiumaa.
As of 2023, Europe had a total installed wind capacity of 255 gigawatts (GW). In 2017, a total of 15,680 MW of wind power was installed, representing 55% of all new power capacity, and the wind power generated 336 TWh of electricity, enough to supply 11.6% of the EU's electricity consumption.
The Latvian National Guard or NG is a part of the Latvian National Armed Forces. The National Guard is a basic land component, consisting of volunteers who perform traditional national guard duties such as crisis response and support for military operations. It consists of the Staff Headquarters and 4 brigades, which are divided into 18 battalions. The National Guard continued its development also after Latvia joined NATO.
The A1 highway (Riga - Border of Estonia ), also known as the Tallinn highway is a national road in Latvia, which connects the Riga bypass with the Estonian border at Ainaži. The highway continues in Estonia as highway 4 until Tallinn. A1 is fully covered in asphalt, and its length in Latvia is 101,7 km. The highway is part of European route E67 and, starting from Lilaste until the Estonian border, does not move further than 6 km from the coast of the Baltic Sea.
The Ķegums Hydro Power Plant is the oldest hydropower plant on the river Daugava and the third largest in Latvia located in Ķegums. The complex consist of two power plants. The first plant was built from 1936 to 1939. The plant was totally renovated from 1998 to 2001, including replacement of four hydroelectric sets with a nominal output of around 65 MW.
Elering AS is a national transmission system operator for electricity and natural gas with headquarters in Tallinn, Estonia. The managing director of Elering is Taavi Veskimägi.
NTPC Limited, formerly known as National Thermal Power Corporation, is an Indian central Public Sector Undertaking (PSU) under the ownership of the Ministry of Power and the Government of India, who is engaged in the generation of electricity and other activities. The headquarters of the PSU are situated at New Delhi. NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants.
Estonia's electricity sector is interconnected with regional energy markets, particularly through connections with Finland, Latvia, and Russia. The direct electrical interconnection with Finland was established in 2006 and was further strengthened by the Estlink 2 interconnector in 2014. Estonia joined the Nord Pool Spot market by 2012, securing its own price area within this regional electricity market.
Energy in Estonia has heavily depended on fossil fuels. Finland and Estonia are two of the last countries in the world still burning peat.
Lithuania is a net energy importer. In 2019 Lithuania used around 11.4 TWh of electricity after producing just 3.6 TWh.
Latvia is a net energy importer. Primary energy use in Latvia was 49 TWh, or 22 TWh per million persons in 2009. In 2018, electricity consumption per capita was 3731 kWh.
Nelja Energia AS is a renewable energy developer based in Tallinn, Estonia. The main areas of business of the company are the development of the renewable energy industry and the operation of power production. The name of the company, meaning Energy of Four, is referring to the four type of renewable energy: wind, water, biomass and solar. The company is focused on the renewable energy development in the Baltic countries. The CEO of the company is Aavo Kärmas.
Iru Power Plant is a co-generation power plant in Iru village, Maardu, Estonia. It is owned by Enefit Green, a subsidiary of Eesti Energia. The plant has a heating capacity of 698 MWt.
Augstsprieguma Tīkls AS (AST) is an independent electricity transmission state system operator in Latvia. It operates power systems with voltages of 110 kV and above, which is leased from Latvenergo. It is also the main shareholder of Conexus Baltic Grid, a unified natural gas transmission and storage operator in Latvia.
On 21 November 2013 the roof of a Maxima shopping centre in the Zolitūde neighbourhood of Riga, Latvia, collapsed at 17:44 local time resulting in the deaths of 54 people, including three rescue workers, and injuries to another 41 people. An unknown number of people were able to leave the store on their own after the initial collapse. It was the worst disaster in Latvia since 1950, when the steamer Mayakovsky sank in Riga, killing 147 people. The disaster is often called Zolitūdes traģēdija by Latvian media outlets.
Enefit Green AS is a publicly traded renewable energy company located in Tallinn, Estonia. It went public on Nasdaq Tallinn in October 2021 with 23 % of shares, the rest being owned by the state-owned energy company Eesti Energia. CEO of the company is Aavo Kärmas.
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