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VKG Elektrivõrgud
Company based in Estonia From Wikipedia, the free encyclopedia
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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.[2]
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History
The history of the company reaches back to 1952 when it was established as a unit of Eesti Energia.[3] 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.[4][5][6][7] In 2002–2003, the company was acquired by Sthenos Group and ECE European City Estates AG.[8] In July 2006, Narva Elektrivõrk became a subsidiary of Viru Keemia Grupp and was renamed VKG Elektrivõrgud.[9][10][11] In January 2024, VKG Elektrivõrgud was acquired by BaltCap Infrastructure Fund II (BInF II).[1]
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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.[2]
See also
References
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