Lietuvos Energijos Gamyba has licences to produce electricity for an unlimited duration. The company operates Lithuania's largest electricity generation facilities: Elektrėnai Complex, Kruonis Pumped Storage Hydroelectric Power Plant, Kaunas Algirdas' Brazauskas Hydroelectric Power Plant, and Vilnius Power Plant-3.
The electricity generated in the power plants owned by Lietuvos Energijos Gamyba is traded on the international Nord Pool power market. In addition, based on contracts with the Lithuanian transmission system operator Litgrid AB, Lietuvos Energijos Gamyba sells the regulation and balancing electricity and provides other ancillary services.
Implementing the National Energy Strategy, Lietuvos Energijos Gamyba secures the necessary conditions for the Lithuanian energy independence and security. The main role of the company is to maintain in-country capabilities necessary to cover Lithuania's electricity demand. We believe that concentration of electricity generation capabilities ensures effective management and modernisation of this sector.
While playing its key role – ensuring a reliable and effective strategic generation, Lietuvos Energijos Gamyba also significantly contributes to the Group's strategy LE 2030 by implementing innovations and developing green generation capabilities. Both the Kaunas HPP and the Kruonis PSHP uses hydropower – a clean and renewable national source of energy. To diversify its energy-generation sources and promote further development of renewable energy sources in Lithuania, the company started using biomass. Furthemore, together with its partners, Lietuvos Energijos Gamyba started a pilot floating solar power plant project in the upper reservoir of Kruonis PSHP.