44:
310:. The Group’s core business is focused on operating Lithuania’s electricity distribution network (Networks) and managing and developing its Green Generation Portfolio (Green Generation). The Group also manages strategically important reserve capacities (Reserve Capacities) and provides services to its customers (Customers & Solutions), including the supply of electricity and natural gas, solar, e-mobility, energy efficiency and innovative energy solutions for private and business customers.
419:. Meanwhile, the Vilnius Combined Heat and Power Plant is 100% owned directly by Ignitis Group. Ignitis supplies electricity through Energijos Skirstymo Operatorius AB (100% stake owned by Ignitis Group) and natural gas through Ignitis UAB. Its subsidiary UAB Ignitis Renewables is responsible for the wind and solar energy projects. In addition to Lithuania, Ignitis operates in Estonia, Latvia, Poland, and Finland.
401:
35:
348:. In 2002, power generation companies AB Lietuvos Elektrinė and AB Mažeikių Elektrinė, and distribution grid companies AB Rytų skirstomieji tinklai and AB Vakarų skirstomieji tinklai were separated from Lietuvos Energija. In 2007, Lietuvos Energija acquired a stake in UAB Geoterma, the owner and operator of the
388:
In 2020, Ignitis Group implemented the initial public distribution of shares (English IPO), after which its shares were listed on the Nasdaq
Vilnius stock exchange. After the IPO, 450 million was raised in the company. EUR capital, and the state continues to control the controlling share package –
380:
On 5 September 2019, Lietuvos
Energija was renamed Ignitis Group. Lietuvos Energijos Tiekimas, Energijos Tiekimas, Gilė and Litgas were merged to form Ignitis UAB. Lietuvos Energijos Gamyba became Ignitis Gamyba and Lietuvos Energija Renewables became Ignitis Renewables. Other subsidiaries, except
377:(Vilnius Power Plant-3) from Vilniaus šilumos tinklai. In 2018, Lietuvos Energija bought Lithuanian wind park operators UAB Vejo Vatas and UAB Vejo Gusis with a 34-MW wind portfolio. It also acquired a 50-MW wind park project in Poland.
344:. In 1997, the company was registered as Lietuvos Energija AB and it was partly privatized. The government kept 86.5% of the shares while 8.5% was privatized to the company's workers, and 5% to the Swedish company
637:
1041:
340:
Lietuvos
Energija was founded in 1991. It was a vertically integrated state-owned enterprise that owned and operated all electrical and heating businesses in Lithuania apart from the
370:
In 2013, Lietuvos
Energija AB changed its name to Lietuvos Energijos Gamyba AB, and its parent company UAB Visagino Atominė Elektrinė has changed its name to Lietuvos Energija UAB.
768:
1061:
314:
978:
744:
363:. At the same year, the company acquired Lietuvos Elektrinė, another subsidiary of Visagino Atomine Elektrine. In September 2012, the transmission system operator
1021:
85:
1036:
647:
1026:
1056:
349:
611:
1046:
799:
359:. After dissolution of LEO LT in 2010, Lietuvos Energija became a subsidiary of UAB Visagino Atomine Elektrine, a state-owned project company of the
586:
1051:
724:
Visagino
Atomine Elektrine UAB Consolidated annual report, consolidated and company's financial statements for the year ended 31 December 2012
541:
374:
476:
849:
1031:
209:
445:
570:
367:
and the electricity market operator
Baltpool were separated from Lietuvos Energija and spun off to the state-owned company EPSO-G.
416:
778:
382:
259:
562:
Impact of
Globalization to Law: New Challenges and New Opportunities. Materials of the international scientific conference
360:
926:
412:
341:
825:
408:
43:
321:
615:
60:
590:
329:
74:
874:
964:
950:
773:
501:
566:
537:
560:
527:
879:
245:
317:, with the current Chairman of the Board and CEO of the company being Darius Maikštėnas.
355:
In 2008, Lietuvos
Energija was transferred to newly established energy holding company
325:
187:
927:"Ownership rights of all Ignitis Gamyba shares have been transferred to Ignitis Group"
1015:
723:
698:
669:
462:
68:
614:(Press release). Government of the Republic of Lithuania. 2007-12-20. Archived from
612:"Government Approves Establishment of Lithuanian Electricity Organisation LEO LT AB"
392:
On
September 9, 2021, Ignitis Group acquired 100% of the capital of Ignitis Gamyba.
771:[The role for power plants – reserve, for Lithuania – electricity import].
400:
78:
34:
745:"Energy group restructuring moves forward with election of VAE Supervisory Board"
101:
94:
193:
800:"Lietuvos Energija finalises acquisition of 34-MW wind portfolio in Lithuania"
533:
345:
221:
902:""Ignitis grupė" įvykdė IPO – kas tai ir kodėl vadinama dešimtmečio sandoriu"
17:
307:
146:
529:
Private Sector
Participation in the Power Sector in Europe and Central Asia
642:
364:
303:
140:
49:
356:
850:"Lithuania's Lietuvos Energija to buy 50-MW wind project in Poland"
901:
399:
233:
979:"Regarding the establishment of UAB Lietuvos Energija Renewables"
1004:
965:""Energijos skirstymo operatorius" AB (En) | Ignitis grupė"
324:
was made on 7 October 2020. Ignitis Group shares are listed in
951:"Vilniaus kogeneracinė jėgainė UAB (En) | Ignitis grupė"
407:
Ignitis Gamyba (100% stake owned by Ignitis Group) owns the
769:"Jėgainėms – rezervo vaidmuo, Lietuvai – elektros importas"
477:"Lietuvos Energija CEO: Our goal is international presence"
670:"Visagino Atomine Elektrine gets Lietuvos Energija shares"
502:"Shares in Lithuania's Ignitis Group slip in market debut"
280:
638:"Lithuania agrees merged energy firm for nuclear plant"
699:"Lietuvos Energija acquires Lietuvos Elektrine shares"
587:"Lietuvos Energijos gamyba to acquire Geoterma shares"
302:) is a state-owned energy holding company located in
1042:
Non-renewable resource companies established in 1991
726:(Report). UAB Visagino Atomine Elektrine. 2013-04-08
313:
Ignitis Group shares are predominantly owned by the
526:Krishnaswamy, Venkataraman; Stuggins, Gary (2003).
275:
265:
255:
243:
231:
219:
207:
199:
183:
171:
153:
135:
127:
119:
111:
84:
66:
56:
981:(Press release). Lietuvos Energija UAB. 2018-12-31
747:(Press release). Lietuvos Energija UAB. 2013-07-16
589:. Baltic Business News. 2007-12-27. Archived from
826:"Lietuvos Energija to build wind farm in Poland"
373:In October 2017, Lietuvos Energija acquired the
315:Ministry of Finance of the Republic of Lithuania
463:"AB "Ignitis grupė" (En) | Ignitis grupė"
179:Alfonso Faubel (Chairman of Supervisory Board)
8:
27:
777:(in Lithuanian). 2019-01-29. Archived from
763:
761:
693:
691:
689:
42:
33:
26:
875:"Lietuvos Energija becomes Ignitis Group"
440:
438:
436:
434:
432:
446:"Ignitis, Integrated annual report 2023"
1062:Government-owned companies of Lithuania
428:
350:Klaipėda Geothermal Demonstration Plant
1022:Electric power companies of Lithuania
555:
553:
375:Vilnius Combined Heat and Power Plant
7:
1037:Energy companies established in 1991
1027:Natural gas companies of Lithuania
25:
1057:Government-owned energy companies
636:Adomaitis, Nerijus (2007-12-20).
385:, were also renamed accordingly.
1047:1991 establishments in Lithuania
417:Kaunas Hydroelectric Power Plant
565:. VMU Press. 2009. p. 58.
383:Energijos Skirstymo Operatorius
1052:Companies in the OMX Baltic 10
1:
361:Visaginas Nuclear Power Plant
824:Shah, Shakhil (2018-11-06).
668:Vaida, Petras (2010-07-14).
413:Kruonis Pumped Storage Plant
342:Ignalina Nuclear Power Plant
1078:
1032:Companies based in Vilnius
41:
32:
48:Ignitis Group office in
931:view.news.eu.nasdaq.com
389:74.99 percent. shares.
322:initial public offering
177:Darius Maikštėnas (CEO)
409:Elektrėnai Power Plant
404:
61:State-owned enterprise
403:
330:London Stock Exchange
300:Lietuvos Energija UAB
251:€2.263 billion (2023)
239:€5.244 billion (2023)
227:€286.6 million (2023)
215:€329.5 million (2023)
203:€2.549 billion (2023)
650:on February 22, 2019
267:Number of employees
260:Ministry of Finance
29:
536:. pp. 73–74.
405:
703:The Baltic Course
674:The Baltic Course
543:978-0-8213-5529-9
289:
288:
123:Lietuvos energija
16:(Redirected from
1069:
1008:
1007:
1005:Official website
990:
989:
987:
986:
975:
969:
968:
961:
955:
954:
947:
941:
940:
938:
937:
923:
917:
916:
914:
913:
898:
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891:
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880:The Baltic Times
871:
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789:
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741:
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714:
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695:
684:
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681:
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665:
659:
658:
656:
655:
646:. Archived from
633:
627:
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583:
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557:
548:
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459:
453:
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296:Ignitis grupė AB
285:
282:
248:
236:
210:Operating income
104:
97:
46:
37:
30:
28:Ignitis grupė AB
21:
1077:
1076:
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1071:
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1068:
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984:
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977:
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962:
958:
949:
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911:
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908:(in Lithuanian)
900:
899:
895:
886:
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873:
872:
868:
859:
857:
848:
847:
843:
834:
832:
830:Emerging Europe
823:
822:
818:
809:
807:
798:
797:
793:
784:
782:
774:Lietuvos žinios
767:
766:
759:
750:
748:
743:
742:
738:
729:
727:
722:
721:
717:
708:
706:
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687:
678:
676:
667:
666:
662:
653:
651:
635:
634:
630:
621:
619:
610:
609:
605:
596:
594:
585:
584:
580:
573:
559:
558:
551:
544:
525:
524:
520:
511:
509:
500:
499:
495:
486:
484:
475:
474:
470:
461:
460:
456:
448:
444:
443:
430:
425:
398:
338:
298:; former name:
279:
268:
244:
232:
224:
212:
192:
190:
178:
174:
166:
164:
162:
160:
156:
149:
143:
107:
100:
93:
71:
52:
23:
22:
15:
12:
11:
5:
1075:
1073:
1065:
1064:
1059:
1054:
1049:
1044:
1039:
1034:
1029:
1024:
1014:
1013:
1010:
1009:
998:
997:External links
995:
992:
991:
970:
956:
942:
918:
893:
866:
854:Renewables Now
841:
816:
804:Renewables Now
791:
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481:Renewables Now
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795:
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781:on 2019-01-29
780:
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704:
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618:on 2008-03-05
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593:on 2011-09-05
592:
588:
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572:9789955125280
568:
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292:Ignitis Group
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31:
19:
18:Ignitis grupė
983:. Retrieved
973:
959:
945:
934:. Retrieved
930:
921:
910:. Retrieved
905:
896:
885:. Retrieved
883:. 2019-09-09
878:
869:
858:. Retrieved
856:. 2018-11-05
853:
844:
833:. Retrieved
829:
819:
808:. Retrieved
806:. 2018-11-07
803:
794:
783:. Retrieved
779:the original
772:
749:. Retrieved
739:
728:. Retrieved
718:
707:. Retrieved
705:. 2010-10-13
702:
677:. Retrieved
673:
663:
652:. Retrieved
648:the original
641:
631:
620:. Retrieved
616:the original
606:
595:. Retrieved
591:the original
581:
561:
528:
521:
510:. Retrieved
508:. 2020-10-07
505:
496:
485:. Retrieved
483:. 2019-02-20
480:
471:
457:
406:
391:
387:
379:
372:
369:
354:
339:
319:
312:
299:
295:
291:
290:
281:ignitisgrupe
246:Total equity
234:Total assets
136:Headquarters
102:XS1853999313
95:XS1646530565
57:Company type
194:Natural gas
155:Area served
120:Predecessor
1016:Categories
985:2019-02-21
936:2023-01-13
912:2023-01-13
887:2020-01-14
860:2019-02-21
835:2019-02-21
810:2019-02-21
785:2019-02-21
751:2019-02-21
730:2014-11-07
709:2010-10-29
679:2010-10-29
654:2010-10-29
622:2008-02-25
597:2010-10-29
534:World Bank
512:2021-05-19
487:2019-02-21
423:References
396:Operations
346:Vattenfall
222:Net income
173:Key people
308:Lithuania
159:Lithuania
147:Lithuania
69:Traded as
415:and the
184:Products
112:Industry
643:Reuters
506:Reuters
365:Litgrid
336:History
304:Vilnius
276:Website
200:Revenue
167:Finland
163:Estonia
141:Vilnius
128:Founded
77::
50:Vilnius
569:
540:
411:, the
357:LEO LT
165:Poland
161:Latvia
115:Energy
906:DELFI
449:(PDF)
271:4 402
256:Owner
567:ISBN
538:ISBN
328:and
320:The
191:Heat
131:1991
86:ISIN
79:IGNL
283:.lt
75:LSE
1018::
929:.
904:.
877:.
852:.
828:.
802:.
760:^
701:.
688:^
672:.
640:.
552:^
532:.
504:.
479:.
431:^
352:.
332:.
306:,
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988:.
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838:.
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788:.
754:.
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682:.
657:.
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600:.
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546:.
515:.
490:.
465:.
451:.
294:(
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
