Ignitis
Ignitis Group (Ignitis grupė AB; former name: Lietuvos Energija UAB) is a state-controlled energy holding company located in Vilnius, Lithuania. Its subsidiaries are involved in power and heat generation and distribution, natural gas trade and distribution, and supporting services. Ignitis Group shares are predominantly owned by the Ministry of Finance of the Republic of Lithuania, with the current Chairman of the Board and CEO of the company being Darius Maikštėnas. The initial public offering was made on 7 October 2020. Ignitis Group shares are listed in Nasdaq Vilnius and London Stock Exchange. History 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 Ignalina Nuclear Power Plant. 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 c ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Litgrid
Litgrid AB is a Lithuanian electricity transmission system operator that operates Lithuania's electricity transmission grid. Litgrid is responsible for the integration of the Lithuanian electricity system into the European electricity infrastructure and the common electricity market. Litgrid has completed the strategic international connection projects NordBalt (Lithuania-Sweden) and LitPol Link (Lithuania-Poland), and currently it is implementing Lithuania's strategic objective of reorienting its power system for synchronous operation with the continental European power grid. The company has over 300 employees. As from 2010, the companies shares are listed on the NASDAQ OMX Vilnius stock exchange. 97.5% of Litgrid's shares are owned by EPSO-G UAB which is directly controlled by the Ministry of Energy of the Republic of Lithuania. History The company was founded in 2010, after the reorganisation of the Lithuanian energy sector in accordance with the requirements of the E ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Energijos Skirstymo Operatorius
Energijos Skirstymo Operatorius AB (ESO) is an electricity and gas distribution company in Lithuania. It was established on 1 January 2016 through merger of the Lithuanian electricity distribution network operator LESTO AB and a gas company Lietuvos dujos AB Lietuvos Dujos was a natural gas company in Lithuania. It was established in 1961 as an integrated gas company for import, transmission, distribution and sale of natural gas. After privatization in the 1990s, its major shareholders became Gaz .... ESO is controlled by a state-owned group of energy companies Ignitis Group which owns 94.98% of shares. Its shares are traded on NASDAQ OMX Vilnius. ESO is a member of National Lithuanian Electricity Association. References External links *{{official, www.eso.lt Electric power companies of Lithuania Natural gas companies of Lithuania Companies based in Vilnius Energy companies established in 2016 Non-renewable resource companies established in 2016 Lithuanian c ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Lithuania
Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania shares land borders with Latvia to the north, Belarus to the east and south, Poland to the south, and Russia to the southwest. It has a Maritime boundary, maritime border with Sweden to the west on the Baltic Sea. Lithuania covers an area of , with a population of 2.8 million. Its capital and largest city is Vilnius; other major cities are Kaunas and Klaipėda. Lithuanians belong to the ethno-linguistic group of the Balts and speak Lithuanian language, Lithuanian, one of only a few living Baltic languages. For millennia the southeastern shores of the Baltic Sea were inhabited by various Balts, Baltic tribes. In the 1230s, Lithuanian lands were united by Mindaugas, Monarchy of Lithuania, becoming king and founding the Kingdom of Lithuania ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Vilnius
Vilnius ( , ; see also other names) is the capital and largest city of Lithuania, with a population of 592,389 (according to the state register) or 625,107 (according to the municipality of Vilnius). The population of Vilnius's functional urban area, which stretches beyond the city limits, is estimated at 718,507 (as of 2020), while according to the Vilnius territorial health insurance fund, there were 753,875 permanent inhabitants as of November 2022 in Vilnius city and Vilnius district municipalities combined. Vilnius is situated in southeastern Lithuania and is the second-largest city in the Baltic states, but according to the Bank of Latvia is expected to become the largest before 2025. It is the seat of Lithuania's national government and the Vilnius District Municipality. Vilnius is known for the architecture in its Old Town, declared a UNESCO World Heritage Site in 1994. The city was noted for its multicultural population already in the time of the Polish–Lithuanian ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Visaginas Nuclear Power Plant
Visaginas Nuclear Power Plant was a planned nuclear power plant project in Lithuania. It was proposed to be built at the site of the closed Ignalina Nuclear Power Plant, which was shut down on 31 December 2009 in accordance with Lithuania's accession agreement to the European Union. The two reactors of the Ignalina plant are currently undergoing a decommissioning process. After a 2012 referendum found that 62.7% of the electorate was against the project, Belarus started construction of the Belarusian nuclear power plant, which will lie geographically very close to Visaginas. According to the instigator of the Visaginas proposal, former energy minister Arvydas Sekmokas, the Visaginas Nuclear Power Plant proposal is "dead". History Discussions concerning the building of a new nuclear power plant started in the 1990s and continued in the 2000s. By the accession agreement to the EU, Lithuania took on an obligation to decommission the reactors of the Ignalina Nuclear Power ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Energy Companies Established In 1991
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass when ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Companies Based In Vilnius
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Natural Gas Companies Of Lithuania
Nature, in the broadest sense, is the physical world or universe. "Nature" can refer to the phenomena of the physical world, and also to life in general. The study of nature is a large, if not the only, part of science. Although humans are part of nature, human activity is often understood as a separate category from other natural phenomena. The word ''nature'' is borrowed from the Old French ''nature'' and is derived from the Latin word ''natura'', or "essential qualities, innate disposition", and in ancient times, literally meant "birth". In ancient philosophy, ''natura'' is mostly used as the Latin translation of the Greek word ''physis'' (φύσις), which originally related to the intrinsic characteristics of plants, animals, and other features of the world to develop of their own accord. The concept of nature as a whole, the physical universe, is one of several expansions of the original notion; it began with certain core applications of the word φύσις by pre-So ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Electric Power Companies Of Lithuania
Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations. Various common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others. The presence of an electric charge, which can be either positive or negative, produces an electric field. The movement of electric charges is an electric current and produces a magnetic field. When a charge is placed in a location with a non-zero electric field, a force will act on it. The magnitude of this force is given by Coulomb's law. If the charge moves, the electric field would be doing work on the electric charge. Thus we can speak of electric potential at a certain point in space, which is equal to the work done by an external agent in carrying a unit of ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Kaunas Hydroelectric Power Plant
The Kaunas Hydroelectric Power Plant, located on the Nemunas River about southeast of central Kaunas, Lithuania, was completed in 1960. Its dam created the Kaunas Reservoir. Owned by Lietuvos Energija, it operates in conjunction with the Kruonis Pumped Storage Plant. The plant, which has a capacity of 101 megawatt The watt (symbol: W) is the unit of power or radiant flux in the International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantify the rate of energy transfer. The watt is named after James ...s. Supplies about 3% of the electrical demand in Lithuania. A renovation was begun in 2005, with work to be performed in partnership with the multinational conglomerate Alstom. The first phase was completed in November 2008; completion is scheduled for the end of 2009. References External links Hydroelectric power stations in Lithuania Buildings and structures in Kaunas Hydroelectric power stations built in th ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Kruonis Pumped Storage Plant
Kruonis Pumped Storage Plant (the KPSP) is located near Kruonis, Lithuania, east of Kaunas. Its main purpose is to provide grid energy storage. It operates in conjunction with the Kaunas Hydroelectric Power Plant. During periods of low demand, usually at night, Kruonis PSHP raises water from the lower Kaunas reservoir to the upper one using cheap surplus energy. The station is designed to have an installed capacity of 1,600 MW but only four 225 MW generators are currently operational. With a fully filled upper reservoir the plant can generate 900 MW for about 12 hours. The KPSP uses hydro-resources of artificial water pools existing at different geographical levels. The electricity from this power plant is supplied to a 330 kV electricity line to Elektrėnai, where the largest fossil fuel plant in Lithuania is operating, and Kaunas. During a surplus of electricity generation, the KPSP uses the surplus electricity to pump water from the lower pool to the upper pool. Durin ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
|
Elektrėnai Power Plant
The Elektrėnai Power Plant or Lithuania Power Plant ( lt, Lietuvos elektrinė) is an 1055 MW electrical generating station near Elektrėnai, Lithuania, about west of Lithuania's capital, Vilnius. It is operated by Lietuvos Elektrinė, a subsidiary of Lietuvos Energija. The plant was built in stages between 1960 and 1972. The Strėva River was dammed to supply it with cooling water, creating the Elektrėnai Reservoir. As of 2008 the plant comprised eight units fired with natural gas, heavy fuel oil, and a bitumen-based fuel known as Orimulsion, imported from Venezuela. It was designed as a base load plant, and generated about 10 TWh per year until 1992. Its operations were then reduced to about 5% of its capacity, since it acted only as a reserve in the Lithuanian power system. In 2012 9th block had been opened. After the shutdown of the Ignalina nuclear power plant in 2009, the plant became the primary source of Lithuania's electrical power. Since the plant does n ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |