Latvenergo AS - Company Profile
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Latvenergo AS (Latvenergo) is a state-owned power utility company that generates and supplies electricity and thermal energy, distributes electricity, leases transmission system assets. It generates electricity through various renewable energy sources such as hydropower, biomass, solar, wind and gas. The company also offers telecommunication and information technology services. It procures the required volume of electricity to meet the demand for electricity in the region. The company also supplies energy in Latvia, Lithuania and Estonia. Latvenergo is headquartered in Riga, Latvia.
Headquarters
Latvia
Address
12 Pulkveza Brieza Street, Riga, Riga , 1230
Website
www.latvenergo.lv
Telephone
371 67 728222
No of Employees
3,316
Industry
Power
Revenue (2022)
$1.9B
Latvenergo AS premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Electricity | Corporate management | Elektrum Solar |
| Thermal Energy | Electricity and Thermal Energy Supply | Elektrum Green |
| Solar Energy | Assets lease and maintenance | Elektrum Smart House |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In December, the company and Equinor entered into a contract for the supply of liquefied natural gas from 2024 to 2026. |
| 2023 | Corporate Awards | In February, the company received Best Investor Relations award among all Nasdaq Baltic regulated markets in the Baltic countries. |
| 2022 | Contracts/Agreements | In September, the company and RWE entered into a partnership to develop, construct and operate offshore wind projects off the Latvian coast. |
Competitor Comparison
| Key Parameters | Latvenergo AS | CEZ, AS | IREN SpA | Slovenske elektrarne as | Ignitis Gamyba AB |
|---|---|---|---|---|---|
| Headquarters | Latvia | Czech Republic | Italy | Slovakia | Lithuania |
| City | Riga | Praha | Reggio Nell'Emilia | Bratislava | Elektrenai |
| State/Province | Riga | Karlovy Vary | - | Bratislava | Vilnius |
| No. of Employees | 3,316 | 30,200 | 10,897 | 4,458 | 367 |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Martins Cakste | Chief Executive Officer; Chairman | Executive Board | 2022 | 47 |
| Guntars Balcuns | Chief Financial Officer; Director | Executive Board | 2022 | 43 |
| Harijs Teteris | Chief Operating Officer; Director | Executive Board | 2022 | 65 |
| Kaspars Cikmacs | Chief Development Officer; Director | Executive Board | 2022 | 46 |
| Dmitrijs Juskovecs | Chief Commercial Officer | Senior Management | 2022 | 48 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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