Riga, 2018-06-15 15:05 CEST (GLOBE NEWSWIRE) -- The year 2017 passed in the Group under the sign of change and modernization, and this was one of the years when the positive interaction of Latvenergo and the environment was most expressed. The upgrading of generation facilities, the environment and the relations with employees are the cornerstones of sustainability, which will ensure the Group’s growth in the future as well. The reconstruction of the Daugava HPPs continues, and in the years to come it will allow for generating more electricity from the amount of water used. New and ongoing environmental protection projects are underway, reducing both the impact of economic activities and encouraging the engagement of employees and the public. The challenge is the operational efficiency and digitisation programme that will contribute to savings in the long run, while delivering a consistently high level of services and even improving it.
Latvenergo AS has participated in the Sustainability Index since 2010. The company was awarded the Silver ranking in 2010 and 2011, the Gold ranking in 2012 and the Platinum ranking from 2013 to 2018. In 2018, Latvenergo AS has received the highest overall assessment in the history of its operations: 97.2%
Additional information: Jānis Irbe Group Treasurer Phone: +371 67 728 239 E-mail: investor.relations@latvenergo.lv
About Latvenergo
Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade, electricity distribution services and lease of transmission system assets. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.
Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and seven subsidiaries - Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.
