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