Latvenergo
Changes board/management/auditors

On the Management Board of Latvijas vēja parki SIA

Riga, 2024-05-09 15:45 CEST -- Accepting new professional challenges, Baiba Zauere, the current Member of the Management Board of Latvijas vēja parki SIA (LVP), has ceased to perform her duties and from 9 May this year will start to perform the duties of Member of the Management Board in another company. Jānis Urtāns, Chairman of the Management Board of LVP, will continue to act as the sole Member of the Management Board. Accordingly, the LVP Members’ Meeting has amended the LVP Articles of Association by reducing the number of members of the Management Board to one.

Latvijas vēja parki SIA, 100% owned by Latvenergo AS, was established on 22 July 2022 to contribute to Latvia’s progress towards energy independence and climate neutrality. The main objective of LVP is to ensure sustainable electricity generation by developing wind farms with a capacity of up to 800 MW on Latvian state-owned forest land.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 29 453 897
E-mail: investor.relations@latvenergo.lv

www.latvenergo.lv

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process), Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation) and Latvijas vēja parki SIA (development of wind parks in Latvia). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.