AB Ignitis gamyba

AB Ignitis gamyba is a Lithuanian electricity generation company that operates key national power generation and balancing assets, including the Kruonis Pumped Storage Plant (Kruonio HAE), the Kaunas Hydroelectric Power Plant (Kauno HE), and the Elektrėnai combined-cycle gas turbine unit. The company is a wholly owned subsidiary of Ignitis grupė AB, Lithuania’s state-controlled energy holding, and plays a central role in providing flexibility, system reserves, and ancillary services to Lithuania’s power system and the regional Nord Pool market.

Company Overview

Legal name: AB Ignitis gamyba
Type: Akcinė bendrovė (Public company)
Industry: Electricity generation; energy services; ancillary services
Founded: The company’s current legal structure stems from a reorganization of generation assets within the former Lietuvos energija group (established circa 2013 as AB Lietuvos energijos gamyba), later rebranded to AB Energijos gamyba, and in 2020 adopted the Ignitis brand as AB Ignitis gamyba.
Headquarters: Elektrėnai, Lithuania (registered office in the Elektrėnai power complex).
Parent company: Ignitis grupė AB

Legal Information

Įmonės kodas (company code): 302648707 (commonly cited for the predecessor entity AB Energijos gamyba; maintained across the rebranding to AB Ignitis gamyba)
PVM kodas (VAT code): Not reliably available in open, verifiable sources at the time of writing; consult the official registry (e.g., the State Enterprise Centre of Registers or rekvizitai.lt) for the current VAT number.
Official website: https://ignitisgamyba.lt
Email address: A general mailbox is often provided via the official website’s contact form; a direct email address is not consistently published. For corporate communications, Ignitis Group commonly provides: komunikacija@ignitisgrupe.lt
Registered office address: Elektrinės g., Elektrėnai, LT-26107, Lietuva (the Elektrėnai power plant complex).
Phone number (registered office): Not publicly and consistently listed; inquiries are typically routed via Ignitis Group’s central contact channels on https://ignitisgrupe.lt

Note: Where precise legal identifiers (especially VAT code) and direct phone lines are not publicly available from authoritative sources, verification via the official Lithuanian register or the company’s website is recommended.

Business Operations

Main assets and services:
- Kruonis Pumped Storage Plant (Kruonio HAE): Approx. 900 MW total installed capacity (4 × ~225 MW). Provides fast-ramping flexibility, frequency control (primary/secondary/tertiary reserves), balancing, black-start capability, and peak shaving services.
- Kaunas Hydroelectric Power Plant (Kauno HE): Approx. ~100 MW capacity; produces renewable electricity, typically a material share of Lithuania’s hydro generation; supports grid congestion management and ancillary services.
- Elektrėnai Combined-Cycle Gas Turbine (CCGT) unit (often referred to as Unit 9): Approx. 455 MW capacity; gas-fired, flexible plant operated for balancing, system adequacy, and market opportunities in the Nord Pool Lithuanian bidding zone.
- Legacy thermal units (Elektrėnai complex): Historical units used for strategic reserves are largely decommissioned or mothballed; retained infrastructure supports reliability services when contracted.

Business model: Operates a portfolio of flexible generation assets; earns revenue from electricity generation and trading (Nord Pool), capacity and reserve contracts (e.g., with transmission system operator Litgrid), ancillary services (frequency control, black-start, inertia), and participation in system adequacy mechanisms. The company prioritizes system reliability and flexibility to integrate variable renewables and interconnector flows.

Market position: AB Ignitis gamyba is the dominant provider of large-scale flexible balancing and reserve services in Lithuania, underpinned by Kruonis PSP’s unique capabilities in the Baltic region and the Elektrėnai CCGT’s dispatchability.

History

Key milestones:
- 1959–1960s: Kaunas HPP constructed, becoming a cornerstone of Lithuania’s hydropower generation.
- 1978–1992: Kruonis PSP constructed across phases; ultimately commissioned with four reversible units; unique large-scale pumped storage resource in the Baltics.
- 1962–2010s: Elektrėnai thermal power complex developed; later modernized with a CCGT unit to improve efficiency and flexibility.
- 2013: Formation of AB Lietuvos energijos gamyba by reorganizing generation assets within the state energy group.
- 2015: Rebranding to AB Energijos gamyba under the Lietuvos energija group identity.
- 2019–2020: Group-wide transition to the Ignitis brand; company becomes AB Ignitis gamyba; minority shareholdings of the predecessor listed company were consolidated and the entity ceased separate public trading, becoming a wholly owned subsidiary of Ignitis grupė AB.
- 2020s: Ongoing modernization programs at Kaunas HPP and Kruonis PSP; system adequacy and reserve contracting adapted to evolving Baltic power market rules, renewables integration, and interconnector developments.

Financial Information

Revenue and results: AB Ignitis gamyba’s stand-alone revenue figures are not consistently segregated in public summaries; financials are primarily reported within Ignitis Group’s consolidated and segment reports (generation/flexibility segment). Detailed figures are published in the annual and interim reports available on https://ignitisgrupe.lt

Ownership structure: 100% owned by Ignitis grupė AB. As of recent years, Ignitis Group itself is majority owned by the Republic of Lithuania (c. 74–75%) with the remainder in free float following its dual listing in Vilnius and London in 2020.

Funding rounds: Not applicable in the venture/startup sense. Historically, the predecessor entity AB Energijos gamyba was listed on Nasdaq Vilnius (ticker EGD1L) and subsequently delisted during the group reorganization; today AB Ignitis gamyba is a non-listed subsidiary of Ignitis Group.

Leadership and Management

Corporate governance: As an AB (public limited company), Ignitis gamyba is managed by a Chief Executive Officer (generalinis direktorius) and a Board (valdyba). Corporate policies align with Ignitis Group governance standards and Lithuanian corporate law.

Key executives (vadovai): The company’s executive roster (CEO, CFO, Operations Director, Asset managers for Kruonis PSP, Kaunas HPP, and Elektrėnai CCGT) is published on the official website and/or the parent group site. Specific current names and titles can change and were not consistently available from authoritative public sources at the time of writing; consult the “Apie mus / Vadovai” section on https://ignitisgamyba.lt or the group-site profiles on https://ignitisgrupe.lt for the latest full names and positions.

Board members: The composition of the valdyba (Board) is disclosed through official filings and company/governance pages on the group site. Up-to-date member names and roles should be verified on Ignitis Group’s corporate governance disclosures.

Office Locations

Registered office / HQ:
- Elektrėnai power complex: Elektrinės g., LT-26107, Elektrėnai, Lietuva.
Phone (HQ): Not consistently published publicly; inquiries typically routed via central Ignitis Group contacts.

Operational sites:
- Kruonis Pumped Storage Plant (Kruonio HAE): Located near Kruonis, Kaunas district municipality. Postal specifics and site phone numbers are not consistently published publicly.
- Kaunas Hydroelectric Power Plant (Kauno HE): Located at the Kaunas dam on the Nemunas river, Kaunas. Postal specifics and site phone numbers are not consistently published publicly.
- Elektrėnai Combined-Cycle Plant (Unit 9): Within the Elektrėnai power complex, Elektrėnai. Postal specifics and site phone numbers are not consistently published publicly.

Note: For safety and security reasons, many generation sites do not publish direct operational phone lines; corporate contact channels are provided for public inquiries.

Market Position

Competitors and peers: Within Lithuania and the Baltic region, peers in generation and flexibility include Latvenergo (Latvia), Enefit/Enefit Power (Estonia), and other Lithuanian generation assets like Vilniaus kogeneracinė jėgainė (VKJ) and Kauno kogeneracinė jėgainė (KKJ), as well as independent power producers participating in Nord Pool. Cross-border interconnectors and imports also influence market dynamics.

Market share: As a provider of large-scale flexibility and reserves in Lithuania, Ignitis gamyba holds a structurally significant share of balancing and ancillary services due to Kruonis PSP and the Elektrėnai CCGT. Exact market-share percentages vary by product (energy, capacity, reserves) and are not consistently disclosed publicly.

Competitive advantages:
- Unique asset base (Kruonis PSP) providing rapid response, large-scale storage, and frequency control.
- Integrated portfolio enabling multi-service offerings (energy, reserves, ancillary services) under Lithuania’s market design and TSO contracts.
- Proximity and integration with Ignitis Group’s trading, risk management, and system planning capabilities.

Recent Developments

Modernization and upgrades: Ongoing modernization works at Kaunas HPP to improve turbine efficiency and reliability; refurbishment/upgrade programs at Kruonis PSP focused on lifecycle extension, digitalization, and performance optimization.

System adequacy and reserves: Evolving contractual frameworks with Litgrid for tertiary reserves, frequency containment/restoration services, and potential capacity mechanism participation to ensure Lithuania’s system reliability amid growing renewable penetration and regional interconnector usage.

Kruonis PSP expansion considerations: Publicly discussed options to expand Kruonis PSP capacity (e.g., evaluating an additional unit) have appeared in strategic planning contexts; such projects depend on regulatory approvals, market design, and funding assessments.

Group-level initiatives: Alignment with Ignitis Group’s decarbonization pathway and flexibility strategy, including digitalization of operations and support for renewable integration across the Baltic power systems.

Contact Information

Website: https://ignitisgamyba.lt
General inquiries: Use the contact forms provided on the official website; for media/corporate communications, Ignitis Group provides komunikacija@ignitisgrupe.lt
Registered office address: Elektrinės g., LT-26107, Elektrėnai, Lietuva
Phone: Not consistently published; corporate contacts are centralized via https://ignitisgrupe.lt

Note: For legally binding inquiries (e.g., procurement, contracting), use the channels and instructions specified in the company’s official notices and tender documentation on its website.

Sources and References

- Official company website: https://ignitisgamyba.lt
- Parent company (Ignitis Group) corporate site, governance and reports: https://ignitisgrupe.lt
- Nasdaq Baltic historical issuer information (predecessor AB Energijos gamyba, ticker EGD1L): https://nasdaqbaltic.com
- Lithuanian transmission system operator (Litgrid) for reserve and ancillary service framework: https://www.litgrid.eu
- Public corporate registries and business directories for legal codes and contacts (to verify PVM/addresses): https://www.registrucentras.lt and https://rekvizitai.lt

Disclaimer: Specific legal identifiers (notably VAT code), certain executive names/roles, and direct site phone numbers are subject to change and may not be consistently published. Readers should verify the latest details via official sources listed above.