Type State owned Key people Āris Žīgurs (CEO) Number of employees 6,200 (2006) CEO Āris Žīgurs (2010–) Founded 1958 | Revenue US$600 million (2006) Website www.latvenergo.lv | |
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Subsidiaries Sadales tīkls, Augstsprieguma tīkls Profiles | ||
Latvenergo is a state-owned electric utility company in Latvia. The company generates about 70% of the country's electricity.
Latvenergo has four hydroelectric power plants: Pļaviņu HES, Rīgas HES, Ķeguma HES and Aiviekstes HES, with total installed capacity of 1535 MWh, 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.
Latvenergo is a parent company for the distribution company Sadales tīkls and the owner of the transmission system Latvijas elektriskie tīkli, while the transmission system is operated by the independent transmission system operator Augstsprieguma tīkls, a former subsidiary of Latvenergo. The company also co-owns Liepājas enerģija, which has installed power capacity of 12 MWe and heat capacity of 427 MWt.