Augstsprieguma tīkls

Augstsprieguma Tīkls AS
State-owned company
Industry Electricity
Founded October 15, 1939 (1939-10-15)
Headquarters Riga, Latvia
Area served
 Latvia
Key people
 Varis Boks (CEO)
Services Electric power transmission
Revenue €158.86 million
€309,244
Owner Ministry of Finance of Latvia
Number of employees
 520
Website www.ast.lv/en

Augstsprieguma Tīkls AS (AST) is an independent electricity transmission system operator in Latvia. It operates power systems with voltages of 110 kV and above, which is leased from Latvenergo.[1]

On 15 October 1939 the Ķegums power plant and the first substation in Riga start operation. This day is considered as the beginning of AST.[2]

AST was a part of Latvenergo. On 2 January 2012, it was unbundled from Latvenergo and the Ministry of Finance of Latvia became the sole shareholder of AST.[2]

In December 2017, AST bought from Uniper Ruhrgas International and Itera Latvija 18.31% and 16.05% stakes in Conexus Baltic Grid, a natural gas transmission system operator in Latvia, for €57.394 million.[3]

In 2017, the company had a turnover of €158.86 million and a profit of €309,244.[4] In August 2018, the share capital of the company was increased up to €63,139,313 by converting the loan of €57.394 million for purchasing share in Conexus Baltic Grid into the share capital.[5]

AST plans to invest €445 million in the Latvian power transmission system in 2018-2027.[6] In 2018, it invests €89.05 million, of which €62.1 million will be spent on implementation of the third stage in construction of the Kurzeme Ring power transmission line and €4.25 million in construction of the third power interconnection between Estonia and Latvia.[7]

References

  1. ↑ "Abou us". Augstsprieguma Tīkls. Retrieved 2018-08-10.
  2. 1 2 "History". Augstsprieguma tikls. Retrieved 2013-04-05.
  3. ↑ "Augstsprieguma Tikls acquires shares in Conexus Baltic Grid from Itera Latvija". LETA. 2017-12-27. Retrieved 2018-03-28.
  4. ↑ "Regulators bažīgs par 'Augstsprieguma tīkla' spēju investēt atsevišķos infrastruktūras objektos" [The regulator is concerned about the ability of Augstsprieguma tīkl7 to invest in certain infrastructure objects]. Delfi. LETA. 2018-07-27. Retrieved 2018-08-11.
  5. ↑ "'Augstsprieguma tīkls' palielina pamatkapitālu par 57,4 miljoniem eiro, lai atmaksātu aizdevumu" [Augstsprieguma tīkls boosts equity capital by 57.4 million euros to repay the loan]. Delfi. 2018-08-06. Retrieved 2018-08-11.
  6. ↑ "Power transmission system's development plan for 2018–2027 approved in Latvia". The Baltic Course. 2017-09-12. Retrieved 2018-08-11.
  7. ↑ "Latvian power grid operator Augstsprieguma Tikls to invest EUR 89.05 million in development this year". Energy Central. LETA. 2018-05-23. Retrieved 2018-08-11.


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