Litgrid
Litgrid office in Vilnius | |
| Company type | Government-owned company |
|---|---|
| Nasdaq Baltic: LGD1L | |
| ISIN | LT0000128415 |
| Industry | Electricity |
| Founded | 2010 |
| Headquarters | , |
Area served | Lithuania |
Key people | Rokas Masiulis (CEO) |
| Services | Electric power transmission |
| Revenue | €370 million (2023) |
| €41 million (2023) | |
| €48 million (2023) | |
| Total assets | €264 million (2023) |
| Total equity | €239 million (2023) |
| Owner | Government of Lithuania (97.5%) |
Number of employees | 421 (2023) |
| Parent | Ministry of Energy |
| Website | litgrid |
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.
As from 2010, the companies shares are listed on the NASDAQ OMX Vilnius stock exchange. 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.