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VKG Elektrivõrgud

VKG Elektrivõrgud (VKG EV, former name: Narva Elektrivõrgud) is an electricity distribution company in Estonia.[1] VKG Elektrivõrgud is the second-largest power distribution company in Estonia, after Elektrilevi, a subsidiary of Eesti Energia.

History

The history of the company reaches back to 1952 when it was established as a unit of Eesti Energia.[2] It was established on 1 January 1993 as an independent company Narva Elektrivõrk, a subsidiary of Eesti Energia. Narva Elektrivõrk separated from Eesti Energia in 1997 and in 1998–1999 was sold to Startekor, a company controlled by Cinergy Corporation.[3][4][5][6] In 2002–2003, the company was acquired by Sthenos Group and ECE European City Estates AG.[7] In July 2006, Narva Elektrivõrk became a subsidiary of Viru Keemia Grupp and was renamed VKG Elektrivõrgud.[8][9][10] In January 2024, VKG Elektrivõrgud was acquired by BaltCap Infrastructure Fund II (BInF II).[1]

Operations

VKG Elektrivõrgud distributes and sells electricity, and also provides operational management services for company power systems.

The company's service area is in Ida-Viru County, including Narva, Narva-Jõesuu, Sillamäe, Vaivara Parish and Viivikonna district of Kohtla-Järve. It has 35,000 customers and an annual sales of 262 GWh of electricity.[11]

See also

  • Energy in Estonia

References

  1. BaltCap acquired the second largest electricity distribution operator in Estonia BaltCap, retrieved 2024-02-27^
  2. OU VKG Elektrivorgud Bloomberg BusinessWeek, retrieved 2011-07-07^
  3. David Hall. Electricity restructuring, privatisation and liberalisation: some international experiences Public Services International Research Unit. University of Greenwich, October 1999, retrieved 2011-07-07^
  4. Contract signed to sell Narva power grid to US company 1999-05-05, retrieved 2011-07-07^
  5. Cinergy prefers private grids Äripäev, 1999-06-18, retrieved 2011-07-07^
  6. Aivar Reinap. Eesti Energia huvitub Narva Elektrivõrgust Postimees, 2006-04-12, retrieved 2011-07-09^
  7. Narva Elektrivõrk – Estonia ECE European City Estates AG, 2003, retrieved 2011-07-07^
  8. Aivar Reinap. Viru Keemia Grupp ostis Narva Elektrivõrgud Postimees, 2006-07-01, retrieved 2011-07-09^
  9. Peeter Kuimet. VKG ja Narva Elektrivõrgu koondumisele anti roheline tuli Postimees, 2006-07-14, retrieved 2011-07-09^
  10. VKG ostis kaks Narva elektrifirmat Äripäev, 2006-07-03, retrieved 2011-07-09^
  11. Estonian Electricity and Gas Market Report Energy Market Inspectorate, 2007, retrieved 2011-07-07^