Riga, 2017-06-30 10:26 CEST (GLOBE NEWSWIRE) -- Latvenergo AS has prepared and publishes an informative presentation about Latvenergo Group, providing current information about the organizational structure, corporate governance, strategy, operating segments and financial indicators of the Group.
2016 has been one of the most dynamic years for the Group – in April, Latvenergo AS successfully completed the green bond programme with the total nominal value of EUR 100 million and received the highest green bond assessment grade from Moody's in October. The Latvenergo Group strategy for 2017-2022 was developed and approved in October, whereas at the end of the year the Supervisory Board of Latvenergo AS was elected, composed of five independent members. Successful operation of Latvenergo Group is proved by received awards, incl. Nasdaq Baltic award in the category “Best Investor Relations in the Baltics among Bond Issuers” in 2016.
Latvenergo Group is the most valuable company in Latvia and among the most valuable in the Baltics, as well as the largest power trader in the Baltics.
Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@latvenergo.lv
About Latvenergo
Latvenergo Group is a pan-Baltic energy company, engaging in electricity and thermal energy generation and supply, electricity distribution services and management of transmission system assets. Latvenergo Group holds one-third of the entire Baltic electricity market, thus ensuring its leadership in the Baltic electricity supply. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several years in a row. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.
Latvenergo Group includes the parent company Latvenergo AS (electricity and thermal energy generation and supply) and its subsidiaries Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity supply in Estonia), Elektrum Lietuva UAB (electricity supply in Lithuania), Enerģijas publiskais tirgotājs AS (administration of electricity mandatory procurement process) and Liepājas enerģija SIA (electricity and thermal energy generation and supply).
