Litgrid

Litgrid AB
Company typeGovernment-owned company
Nasdaq BalticLGD1L
ISINLT0000128415
IndustryElectricity
Headquarters,
Area served
Lithuania
Key people
Rokas Masiulis (CEO)
ServicesElectric power transmission
Revenue€418.953 million[1] (2022)
€24.101 million[1] (2022)
-€49.484 million[1] (2022)
Total assets€334.621 million[1] (2022)
Total equity€166.980 million[1] (2022)
OwnerMinistry of Energy (Lithuania)
Number of employees
421 (2023)
ParentEPSO-G AB (97.5%)
Websitewww.litgrid.eu

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.[2]

As from 2010, the companies shares are listed on the NASDAQ OMX Vilnius stock exchange.[3] 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.[when?][4]

  1. ^ a b c d e "Litgrid, AB revenue, profit", www.rekvizitai.vz.lt
  2. ^ "LITGRID AB (LGD1L) Stock Price & News - Google Finance". www.google.com. Retrieved 26 October 2022.
  3. ^ "Litgrid". www.litgrid.eu. Retrieved 24 March 2021.
  4. ^ "Moody's assigns Baa1 credit rating to EPSO-G Group | EPSO-G". www.epsog.lt. Retrieved 26 October 2022.