Latvenergo

Latvenergo is a state-owned electric utility company in Latvia. Latvenergo Group provides energy supply services in the Baltics.

Latvenergo
TypeState owned
IndustryElectricity
Founded1939 (1939)
Headquarters
Riga
,
Latvia
Key people
Mārtiņš Čakste (CEO)
Revenue1,065 MEUR (2021)
72 MEUR (2021)
Total assets3,476 MEUR (2021)
Total equity2,123 MEUR (2021)
Number of employees
3150 (2022)
Websitewww.latvenergo.lv

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 MWt, two combined heat and power plants with total electrical capacity of 474 MWe and heat capacity of 1525 MWt and a wind farm near Ainaži with installed capacity of 1.2 MW.[1]

References
  1. "Energy generation". Latvenergo. Archived from the original on 2012-08-14. Retrieved 2013-04-05.


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