LEO LT

LEO LT AB
Company typePrivate
Industryelectricity
Founded2007
FounderRepublic of Lithuania, NDX Energija
Defunct2009
Fatedissolved
Headquarters
Vilnius
,
Lithuania
SubsidiariesLietuvos Energija, RST (Rytų skirstomieji tinklai – Eastern Power Grid Company), VST (Vakarų skirstomieji tinklai – Western Power Grid Company)

LEO LT AB or Lithuanian Electricity Organization (Lithuanian: Lietuvos elektros organizacija) was a national energy holding company in Lithuania. The company owned shares of Lithuania's three major electric power production and distribution companies. It was established in early 2008 to raise funds for the construction of the planned Visaginas Nuclear Power Plant after close down of Ignalina Plant, and Lithuania–Sweden and Lithuania–Poland power connections.[1] The decision to liquidate the company, mired in controversies and attacked by critics, was reached by the shareholder of LEO LT on 4 September 2009.[2]

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  2. ^ Cite error: The named reference timeline was invoked but never defined (see the help page).