Latvenergo

Latvenergo Group is an energy utility that provides generation, transmission, distribution, trading, telecommunications and information technology services to customers. Latvenergo AS is heading a corporate
group which core business is the generation and sale of electricity and thermal energy, as well as providing telecommunications and information technology services. Latvenergo Group includes following
subsidiaries: Augstsprieguma tikls AS (Transmission System Operator), Sadales tikls AS (Distribution System Operator) and Liepajas energija SIA, Latvenergo Kaubandus OU, Latvenergo Prekyba UAB. The total
electrical capacity of Latvenergo AS power plants is 2023 MW. The total heating energy capacity is 1952 MW. Latvenergo AS is the leader in use of renewable energy resources (RER) in the state. About 70% of
the total Latvenergo AS electricity volume is generated from hydro resources. 2661.1 GWh has been generated from RER, which is approximately 95% of the total RER electrical capacity in Latvia. Latvenergo
Group revenue in 2007 - EUR 253.1 million, net profit - EUR 6.6 million. The number of clients reached 1,04 million. In 2007 Latvenergo Group asset value increased more than twice and reached EUR
921.2 million. Moody's Investors Service stated credit rating - A2, stable